SwapX Holdings

Name: SwapX Holdings
Address: Johannesburg, ZA
Telephone: +27103000821

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SwapX Holdings

SwapX was established to provide an online physical buying and selling real-time trading platform for Chrome-based commodities.

23/03/2022

South Africa is still China’s most crucial chrome ore import supplier, accounting for 81% of China’s total chrome ore imports in 2020-2021. Manufacturing in stainless steel, chemicals, pigments, refractories, and foundry sand have increased the utilisation of chromium ore over recent years. Likewise, expanded market growth in the automotive industry is placing increased demand on metal alloys using chromium ore.

View Chrome Ore prices and insights by origin on the 22nd March 2022, here: https://lnkd.in/gYNV8862

07/03/2022

With all eyes upon Europe and the Ukraine/Russia conflict, an expectation is that sanctions imposed on Russia will benefit alternative markets. While Russia is a relatively small producer of Chromium, producing less than 1 m tons to South Africa’s 20m tons in 2020, it is likely that the E.U will look to South Africa as an alternative market to satisfy demand.

View Chrome Ore prices and insights by origin on the 6th March 2022, here: https://swapx.co.za/swapx-weekly-report-06-03-2022/

21/02/2022

The Chrome Ore market continues to be an important commodity sector in South Africa and is the sixth-largest commodity exported by volume.

Globally, 40 million tons of Chrome Ore is consumed annually. As the demand for quality stainless-steel materials continues to outpace supply, Chrome Ore will continue to serve as an essential commodity in the export market for South Africa.

View Chrome Ore prices and insights by origin on the 21st February 2022, here: https://swapx.co.za/swapx-weekly-report-21-02-2022/

07/02/2022

SARS trade statistics released for December 2021, reported a decrease of 4% in exports between November and December 2021. The top five countries receiving South African exports were: United States (11,4%); China (8,8%); Germany (8.2%); United Kingdom (5,8%) and Japan (5,5%). In the week of the 25th of January 2022, strong demand, and limited availability of South African Chrome Ore to China pushed prices up by more than 6%.

View Chrome Ore market prices and insights by origin on the 6th February 2022, here: https://swapx.co.za/swapx-weekly-report-06-02-2022/

26/01/2022

Throughout the world, COVID-19 has caused major disruptions in logistics and shipping. Due to ongoing pandemic-related delays and closures, non-stop demand for ocean freight from Asia to the US, and an insufficient amount of capacity, ocean rates remain very high and transit times fluctuate widely. This persistent situation has affected importers and exporters at an increasing degree, with insights showing that nearly 64% of all importers increased their pricing due to the higher freight costs.

SwapX links buyers and sellers of chromium ore into one easy-to-use platform: https://bit.ly/3ysFDAJ

24/01/2022

STATS SA latest release for November 2021 indicates an overall mining production increase of 5,2% year-on-year. However; mining production of Chrome Ore fell by 2,6%. Year on year sales of Chrome Ore showed an increase of 4% in November 2021. The value of building plans passed (at current prices) increased by 43,6% (R29 billion) during January to November 2021 compared with the prior year, this is likely to result in an increased local demand for steel.

View Chrome Ore market prices and insights by origin on the 24th January 2022, here: https://swapx.co.za/swapx-weekly-report-24-01-2022/

19/01/2022

Due to the increase in COVID cases, companies are now working remotely, and fewer face-to-face meetings are taking place. Let SwapX do the work of integrating communication and finding new markets both locally and globally for producers and consumers of Chrome ore products.

SwapX provides an online physical trading platform linking buyers and sellers whilst mitigating physical trading: https://bit.ly/3ysFDAJ

12/01/2022

The Covid-19 pandemic has increased the cost of freight containers, rental costs, and shipping freight rates. When you click "buy" on Amazon, you might not think about shipping containers and ocean freight, but they have a direct connection. When ocean container rates spike, so do the prices we pay.

The SwapX platform lowers supplier and consumer acquisition costs making it easier, quicker, and more cost-effective to trade Chrome Ore products. Register today to join the platform: https://bit.ly/3ysFDAJ

11/01/2022

Environmental, social, and governance (ESG) funds focus on sustainable investing in companies meeting ESG requirements, including lower carbon footprints. The transition to low-carbon investing presents new challenges for South Africa’s extractive mining industries. The mining and metals sector will continue to see an incentive to optimise mining equipment and cut electricity consumption for 2022.

View Chrome Ore market prices and insights by origin on the 10th January 2022, here: https://swapx.co.za/swapx-weekly-report-10-01-2022/

05/01/2022

Whilst importers had hoped that carriers would provide more cargo space, air cargo rates have remained more than twice the usual level. This is thanks to limited passenger travel, increased omicron fears, as well as ground handling shortages and stricter quarantine regulations throughout parts of Asia.

By using our platform, suppliers and consumers can reduce the acquisition costs associated with trading Chrome Ore, register today to join the SwapX platform: https://bit.ly/3ysFDAJ

01/01/2022

May this New Year be pleasant, prosperous, and full of joy, health, and moments to treasure.

SwapX wishes you and your loved ones a Happy New Year!

#2022

29/12/2021

When can freight and shipping rates be expected to decrease?

Importers and exporters in the current economic climate are wondering when the shipping and freight rates will lessen. The answer? Not yet.
In spite of potential delays and high freight shipping costs, importers can take the following steps:

• Navigate the current freight market
• Compare at least a few quotes and modes
• Buffer your freight budget and transit time
• Explore warehousing options
• Consider which shipping mode is best for you right now
• Book orders now if you can

SwapX links buyers and sellers of chromium ore into one easy-to-use platform: https://bit.ly/3ysFDAJ

Address

Johannesburg

Telephone

+27103000821

Website

http://www.swapx.co.za/

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