MMTC Tender for export of 25,000 MT Friable Chrome Ore has been awarded to a Singapore based trading company.
Metal & Mineral Trading Corporation (MMTC), a state owned trading house, one of the major global players in the minerals trade, and single largest exporter of minerals from India.
The company had invited interested overseas buyers for purchase of 25,000 MT Friable chrome ore (50 basis, min. 48% Chromium content) of Indian origin through its export tender. The material has been offered by Misrilall Mines Pvt. Ltd. (MMPL), Odisha. Shipment for this tender is due on or before 25 Jun’17 from Paradip port.
This tender expired on 5 Jun’17, and has been awarded to Avani Resources Pte. Ltd., a Singapore based Company at USD 194/MT FOB Paradip port
Global Chrome Ore Market Scenario
Chrome ore prices have weakened in all global regions as consumer interest and spot activity became increasingly scarce due to the lacklustre Stainless Steel and Ferro Chrome market.
Sources reported to SteelMint that South Africa 42% UG2 chrome ore offers were stable at USD 130/MT CIF China.
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