MMTC’s tender for export of 22,000 MT chrome ore (50/48% Cr) from Indian east-coast has been awarded at USD 216/MT FOB Paradip Port.
Metal & Mineral Trading Corporation (MMTC), a state owned trading house, is 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 20,000 MT (50/48% Chromiun content) Friable chrome ore and 2,000 MT chrome concentrate of Indian origin through its export tender for October shipment.
The material has been offered by Misrilall Mines Pvt. Ltd. (MMPL), Odisha. This tender expired on on 30 Sept’15, and has been awarded to Avani Resources Pte. Ltd., a Singapore based Company.
Cargo has been shipped to China on 30th October at USD 216/MT FOB Paradip port. Prices are in line with the global market. Offers for 48% Chrome ore from Turkey are assessed at around USD 207-210/MT FOB Turkey.
Another tender in the pipeline
MMTC has invited interested overseas buyers for purchase of 38,000 MT of chrome concentrate of Indian origin through its export tender.
The material has been offered by Tata Steel.
Bidders should quote prices in USD/MT FOB Gangavaram Port / Vizag Port (Andhra Pradesh) basis.
| Material Specification | ||||
| Material | Grade | Quantity (MT) | Shipment Date | Loading Port |
| Chrome Concentrate | 50/48% | 30,000 | 27 Nov-5 Dec’15 | Gangavaram / Vizag |
| Low Silica Chrome Concentrate | 56/54% | 8,000 | 12-20 Dec’15 | Gangavaram / Vizag |
Last date of submission of tender will be 10 Nov’15 at 11.00 hrs and technical and price bid will open on the same day at 11.15 hrs and 15.00 hrs respectively.
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