China chrome ore markets weakened through June as softer downstream demand met ample seaborne arrivals, pushing benchmark offers lower for the month. Early June saw higher Panamax unloadings at Tianjin lift port inventories, while mid-month moves in ferrochrome tenders encouraged trading houses to release chrome ore stock into the spot market. Throughout June, purchasers trimmed call-offs and spot transactions shifted toward smaller parcels with extended payment terms, leaving sellers competing to clear cargoes. The overall tone was bearish, with logistics and demand dynamics combining to tilt negotiating leverage toward buyers in the CFR Tianjin chrome ore complex. Meanwhile, recent production resumption at several Inner Mongolian ferrochrome plants has marginally lifted domestic chrome ore consumption, though not enough to reverse the prevailing oversupply, while South African export schedules remain robust for July, per market sources.
Downstream demand was broadly weak in June, with stainless-steel mills cutting call-offs for flats and finished products while...
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