Falling demand reverses UG2 chrome ore price rally.

The primary factor damping buyers’ confidence was the persistently weak portside market.

The 2201 ferrosilicon contract price on ZCE closed at 9,200 yuan per ton on August 19.

In the week ending on August 14, 2021, domestic raw steel production was 1,869,000 net tons.

The 2201 silicomanganese contract price on ZCE closed at 7972 yuan per ton on August 19.

The 2109 silicomanganese contract price on ZCE closed at 7950 yuan per ton on August 18.

The 2109 ferrosilicon contract price on ZCE closed at 9,126 yuan per ton on August 18.

From January to July in 2021, the total export volume of manganese ore in Port Hedland was 606,409 tons, a decrease of 19.6% compared with the 753,813 tons YOY.