At the beginning of April, the domestic port chrome mine fundamentals have not changed the market stalemate operation. The external price of casting grade chromium ore in South Africa remains stable, and the mainstream price is 3500-3800 yuan/ton. The mainstream price of more than 50% cast-grade chromium ore in India is 5100-5700 yuan/ton, with little change in the mainstream price.

India's Ministry of Finance has announced a 30% increase in the export tax on chrome ore from Rs 3,000 ($60) per tonne in its new budget for April. But by the downstream factory inquiry reduction, volume reduction impact, this news has not revealed the impact of chrome, Indian chrome prices have not changed, enterprises are waiting, but the market is more bullish.

At present, most of the miners reflect that the internal and external plate prices of chromium mines are still upside down, and some of the existing inventory costs of chromium miners are high, the low-price offer is still unable to conclude a deal, coupled with the current inventory pressure is large, the risk of market deterioration continues. At present, most downstream merchants follow sales to enter, the pace of buying and purchasing continues to tighten, most chrome merchants mainly to digest the existing inventory in hand, the contradiction between supply and demand is difficult to solve, the market still remains weak.