Latest Update in the China Chromium Market

Shanghai nonferrous metals all closed in the negative zone amid increasingly definite regulations over coal prices; and the State Council also issued the carbon peak action plan.

DCE iron ore futures market picked up quickly afternoon, with warming transactions in the physical port stock market. and I2201 hit new low of 671 yuan/mt.

In the first half of 2021, the air quality in Guangxi has dropped significantly year-on-year, and air pollution prevention and control must be severe. In order to ensure the completion of the annual binding indicators of environmental air quality issued by the central government, the action plan is formulated.

According to the Bureau of Geology and Mineral Exploration and Development of Henan Province, a super large gold mine has been discovered near Weishancheng, Zhuzhuang Town, Tongbai County in Henan.

According to the China National Coal Association, the coal output is gradually rebounding. The coal supply for the key power generation plants across China has been higher than the consumption for 20 days. The national measures for ensuring the supply in winter are taking effect.

Due to the environmental protection regulation, the production restrictions are tightening for some companies in Shanxi. Some coking companies in Fenyang city have been required to shut down some 4.3-metre coke ovens before November 10, which involve a production capacity of 3.2 million mt.

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on October 27, 2021

South Africa’s national power company Eskom said on October 23 that it would cut the power supply by 2,000 megawatts due to the failure of the generator sets of its six power plants. The power curtailment continued until Oct 25.