Core Facts
The latest futures offer for 40-42% chrome concentrate from a major South African mine at Tianjin Port is US$285/t, up US$5/t from the previous round, with shipment scheduled for end-September 2026.
Market Changes
Chrome ore prices are steady-to-firm, but the high-carbon ferrochrome market remains dominated by a bearish supply-demand situation, forming a negative cycle of steel mill tender price cuts, retail wait-and-see, and low-priced transactions. Short-term market conditions may continue to face downward pressure and consolidation.