MMTC on behalf of NINL had floated an export tender of 60,000 MT Pig iron (30,000 MT optional) on 14 Jul, 2014. The company has received good response from participants.
NINL has received USD 8/MT higher bid as compared to RINL, which has recently finalized the export deal for August shipment at USD 390.20/MT FoB Vizag port with Hong Kong based trading company, Fecat.
The tender has received bids of USD 398.02/MT & USD 391.77/MT FoB Paradip port.
This time, two trading companies namely Prime Carbon GmbH (Switzerland) & MTPL (Singapore) had participated in the tender. MTPL, which was the highest bidder in previous tender, currently bids at USD 391.77/MT, whereas Prime Carbon bids at USD 398.02/MT FoB Paradip port.
Comparison of NINL Pig Iron Export Bids
|
Participants |
Tender Float Date- 15 May’14 |
Tender Float Date- 14 Jul’14 |
Changes from Previous Bid |
|
MTPL |
395.21 |
391.77 |
-3.44 |
|
Prime Carbon GmbH |
387.58 |
398.02 |
10.44 |
The deal is most probably to be finalized with Prime Carbon if the company goes with the H1 bid. The company’s official says, “The tender has received a good response, even more quantities would have been sold if it was offered by the company.”
MMTC is the India’s largest international trading company as well as promoter; trading on behalf of NINL.
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