Source of offer |
Destination |
Product |
Price |
Price change |
Sales term |
Turkey |
Cr2O3 42% chrome ore lump |
$504/mt |
-$3/mt |
VAT (FOT) |
|
S. Africa |
Cr2O3 42% chrome ore concentrate |
$326/mt |
-$2/mt |
VAT (FOT) |
|
Local Chinese market |
FeCr55C 1000 ferrochrome (Sichuan) |
RMB 8,100/mt ($1,278/mt) |
- (-$8/mt) |
Ex-works |
The local Chinese market price includes 17 percent VAT.
Exchange rate fluctuations are taken into consideration when calculating the weekly price changes. Since the Chinese steel markets were on holiday for the Chinese New Year (February 15-21), the price changes are as compared to the price levels recorded on February 9.
$1 = RMB 6.34
Source: SteelHome