China’s chrome ore market strengthened through March as stainless-steel demand stayed firm and seaborne logistics disruptions tightened sentiment. Early-month port stock declines indicated that discharge rates were trailing consumption, while stainless-steel melt shops increased operating levels to capture strong export momentum. Ferrochrome smelters also maintained high power loads despite elevated electricity tariffs, accelerating spot procurement ahead of seasonal safety inspections. Rail derailments near Richards Bay, combined with successive port-stock draws through mid- to late March, reinforced concerns over constrained seaborne supply. As monitoring cycles continued to show consecutive inventory reductions, bullish sentiment in the chrome ore market intensified, supported by both robust downstream demand and tightening logistical conditions.
Demand from stainless-steel melt shops and ferrochrome producers remained the key force lifting chrome ore prices in March, as end-users actively replenished working stocks. The monthly average for Chrome Ore (**–***) Ex-Tianjin rose to $***.**/MT from...
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