MMTC, a leading international trading company in India and one of the major global players in minerals trade, has invited a tender for export of 10,000 MT friable chrome ore and 1,500 MT chrome concentrate of Indian origin for interested overseas buyers.
As per the shipment period, loading to be completed on or before 30 Dec’16. The origin of the material is Misrilall Mines Pvt. Ltd. (MMPL).
Bidders needs to quote prices in USD/DMT FoBT Paradip port India (in bulk). The bidders shall keep their bids valid for a period of 10 days from the date of tender closing.
Interested parties can submit their bids till 1 Dec’16.
Specification of Chrome Ore
Cr2O3 : 50% Basis 48% min
Cr:Fe ratio : 2.4:1 min
SiO2 : 7% max
Al2O3 : 12.5% max
Phosphorous: 0.007% max
Sulphur: 0.03% max
MgO : 14% max
Physical size: Friable
Packing : Loose in bulk
Global Chrome Ore Market Scenario
Due to insufficient stocks and relatively strong demand in the Chinese market, prices for South African chrome ore concentrate 40-42% moved up to USD 350-360/MT CIF China. South Africa accounts to about 65% of the global chrome ore trade.
SteelMint assessed that spot prices for chrome ore at ports will continue to rise as spot material at ports was rather limited.
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