Fastmarkets MB launched an assessment of chrome ore inventories at the main Chinese ports of Tianjin, Qinzhou, Lianyungang and Shanghai on Monday January 7.
After a one-month consultation period following
the initial proposal, Fastmarkets MB has decided to launch this assessment to reflect the chrome ore inventory changes at major ports in China. The first assessment was published on January 7.
Fastmarkets MB assesses chrome ore inventories at these major Chinese ports on a fortnightly basis and publishes the data every other Monday between 2pm and 3pm London time.
China is the largest consumer of chrome ore globally, therefore, as an important indicator of market fundamentals, chrome ore inventory changes at major Chinese ports have drawn growing attention from both suppliers and buyers who are in need of an essential tool to monitor the changes of stocks flows of this key steel raw material.
In addition, it is widely acknowledged that changes in port inventories could have an influence on the overall market sentiment and even play a role in determining the price trend.
This fortnightly chrome ore port inventory assessment, together with Fastmarkets MB's existing chrome ore South Africa UG2 concentrate index and chrome ore cfr main Chinese ports Turkish lumpy price assessment, will provide market participants with a comprehensive picture of the chrome ore market in China.
Fastmarkets has no financial interest in the level or direction of this assessment.
To provide feedback on these assessments or if you would like to provide price information by becoming a data submitter to this assessment, please contact Amy Lv by email at
pricing@fastmarkets.com. Please add the subject heading FAO: Amy Lv, re: China chrome ore inventory assessments.
To see all Fastmarkets MB's pricing methodology and specification documents, please go to
https://www.metalbulletin.com/prices/pricing-methodology.html