- Offer volume decreases 3,800 t m-o-m
- Auction offers reflect stable market dynamics stability
Odisha Mining Corporation (OMC) has scheduled a chrome ore auction for 104,800 t on 20 July 2026, with the offered volume down 3,800 t m-o-m. Base prices for grades above 40% have been held stable, with a slight correction of 0.05% (INR 11-13/t), while the base price for grades below 40% have been reduced by 0.5% (INR 54/t).
Offers reflect stable market fundamentals
Indian ferro chrome prices remained largely stable in July, averaging INR 122,800/t exw, up marginally by INR 150/t ($2/t) m-o-m. Comfortable domestic material availability and elevated inventories amid subdued stainless steel demand led buyers to restrict procurement to immediate requirements. On the other hand, export commitments and lower standard-grade availability provided underlying support.
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