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 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 20 Apr’17.
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 31 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
The last tender of MMTC for export of 20,000 MT friable chrome ore has been closed on 9 Mar’17.
Global chrome ore market scenario
The Chinese are bidding aggressively to bring down chrome ore prices, testing the market if inventory in South Africa is high and chrome ore sellers would need to liquidate their cargoes.
South African UG2 prices remain unchanged, and is being offered at around USD 370/MT CIF China.
Turkish lumpy chrome ore (40-42% Cr) fell to around USD 385-395/MT CIF China.
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