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 25,000 MT of friable chrome ore of Indian origin for interested overseas buyers.
The origin of the material is Misrilall Mines Pvt. Ltd. (MMPL) and the loading is scheduled on or before 15 June’17.
Bidders needs to quote prices in USD/DMT FOB with name of 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 25 May’17.
Chrome Ore Specification
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
The last tender of MMTC for export of 25,000 MT friable chrome ore which closed on 31 Mar’17.
Global Chrome Ore Market Scenario
With decline in stainless steel market in China, the demand for Chrome Ore deteriorated pushing its price down to USD 230/MT CIF China for South Africa 40-42% grade Chrome Ore.
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