OMC Chrome Prices Witness Minor Change in September

Chrome ore prices of Odisha Mining Corporation (OMC) witnessed slight change across all grades in the September round of e-auction. While the price +54 grade friable chrome from the South Kaliapani mines dropped by INR 300 to INR 13,379/MT from INR 13679/MT in the July round of auction. Meanwhile, the 52-54 grade friable chrome ore increased to INR 12,690/MT from INR 12,214/MT in July. Similarly the 48-50 grade prices increased to INR 10,283/MT from INR 10,110/MT. The e-auction was held on 4th of this month for sale of 20,700 MT friable chrome ore and 600 MT chrome ore concentrate for both Odisha based and outside buyers.

The detailed price movement is given in the table.

Location Grade Band Auction Quantity  Floor Price  L1 Price H1 Price Premium  Last Booked/H1 
(in WMT) (INR/MT) (INR) 31.07.2015
South Kaliapani- Chrome Ore 54+ Cr2o3 3,000 13,179 13,729 13,379 13,179 13,679
52-54 Cr2o3 5,400 12,690 12,690 12,690 12,214
48-50 Cr2o3 5,400 10,183 10,183 10,183 10,110
46-48 Cr2o3 4,200 9,758 9,758 9,758 11,005
Sukrangi 52-54 Cr2o3 500 12,690 12,690 12,690 12,114
48-50 Cr2o3 600 10,183 10,183 10,183 10,183 10,610
46-48 Cr2o3 700 9,758 9,758 9,758 9,758 9,305
44-46 Cr2o3 300 9,334 9,334 9,334 9,334 8,901
42-44 Cr2o3 600 8,910 8,901 8,910 8,901
COBP 48-50 Cr2o3 200 10,572 10,572 10,572
46-48 Cr2o3 400 10,149 10,149 10,149

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