For the next round of chrome ore e-auction which will be held on 1 Jun’16, the Odisha government owned miner OMC has offered a total of 52,800 MT chrome ore. Out of this 47,700 MT are friable ore and rest 5,100 MT are concentrate.
Like the previous round of chrome ore e-auction, which was held in Apr’16 OMC had kept base prices unchanged for some of the grades. The +54 grade chrome ore base price remains at INR 8,982. Similarly, the base price of grades like 52-54, 46-48, 44-46 have also been kept unchanged at INR 8,649, INR 6,127 and INR 5,861 respectively.
But the base price of 48-50 grade has been reduced to INR 6,394 from INR 7,235 in April. On the other hand the base prices of chrome concentrate have also been kept unchanged.
OMC Monthly Chrome Ore Prices (Jan’16-Apr’16)
| Grade | Jan’16 | Feb’16 | Mar’16 | Apr’16 |
| 54+ | 8,998 | 8,982 | 8,982 | 8,982 |
| 52-54 | 8,669 | 8,649 | 8,649 | 8,649 |
| 48-50 | 6,432 | 6,394 | 7,235 | 6,394 |
| 46-48 | 6,168 | 6,127 | 6,127 | 6,127 |
Prices in INR/MT
Source: SteelMint Research
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