MMTC, a leading international trading company in India and one of the major global players in minerals trade, has issued a tender for export of 10,000 MT friable chrome ore of Indian origin for interested overseas buyers. The last tender for same quantity and material had issued on Dec’16.
As per the shipment period, loading to be completed 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 27 Feb’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
MgO : 14% max
Physical size: Friable
Packing : Loose in bulk
Global Chrome Ore Market Scenario
The chrome ore market remained stable, as the Chinese remained largely absent from the market amid the Chinese New Year holiday hiatus between January 28 and February 2, while large miners remained unwilling to lower offer prices.
South African miners continued to hold UG2 prices steadily at $390-400 per tonne CIF Chinese ports.
At this point, chrome ore deals remain very thin amid the high offering prices. However, with much lower tender prices from Chinese stainless steel mills for ferro-chrome for February, the price could likely slump after ferro-chrome producers get back to normal purchasing.
Meanwhile, Turkish lumpy chrome ore prices have similarly remained level at $400-410 per tonne CIF Chinese ports.
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