MMTC, a leading international trading company in India and one of the major global players in minerals trade, has re-issued a tender for export of 20,000 MT friable chrome ore of Indian origin for interested overseas buyers.
The last tender for same quantity and material had issued on Feb’17.
As per the shipment period, loading of the material is scheduled on or before 25 Mar’17. 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 9 Mar’17.
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
Physical size: Friable
Packing : Loose in bulk
Global Chrome Ore Market Scenario
Chrome Ore prices have been more resilient as compared to Ferro Chrome, but they too began to slip back last week.
South African chrome ore prices weakened for the second consecutive week as Turkish chrome ore prices dropped for the first time in just over a month.
South African UG2 prices fell by USD 10 and is being traded in the range of USD 370-390/MT CIF China.
Turkish lumpy chrome ore (40-42% Cr) fell to USD 395-400/MT CIF China.
The major Chrome ore miners are holding their offers firm.
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