MMTC, one of largest international trading corporation has recently invited a fresh tender for importing Australian hard coking coal in September 2015.
Yesterday Metals & Minerals Trading Corporation (MMTC), a Government of India Enterprise has invited a fresh tender on behalf of NINL to import 60,000 MT Australian 0-50 mm sized hard coking coal. All the interested overseas supplier and traders can participate in the auction who can supply freshly mined prime quality washed Australian HCC coking coal which will be delivered at Paradip port till September 2015.
In this coking coal supply tender the company has exempted MTPL for EMD/ bid bond & performance guarantee submission as the company is subsidiary of MMTC.
Grade Specification
• Washed Australian Hard-coking Coal
• Size: 0-50 mm
• Moisture Content: 10% max
• Volatile matter: 23-26% max
• Ash: 8.5% max
• Sulphur Content: 0.60% max
Total Quantity: 60,000 MT +/- 5%
Important Time & Dates
• Bid submission due date: before 15.00 hrs on 12 Aug, 2015
• Technical bid opening date: after 15.30 hrs on 12 Aug, 2015
• Price bid opening date: after 12.00 hrs on 13 Aug, 2015
Imported Australian HCC Coal
Current price of Australia’s premium hard coking coal is assessed at USD 81.5-82/MT FOB Australia, which was at USD 89-90/MT FOB Australia in June’15. The Australian coking coal prices have been declined on the ground of low buying in the global market coupled with constantly falling steel prices. China, one of major buyer of Australian coking coal has shown substantially low interest in import as it still waits for the chaotic steel market to stabilize.
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