Indian merchant chrome ore miner, OMC will conduct an auction for 35,100t chrome ore (grade 44-54% Cr2O3) on 10th Feb 2021. The ferrochrome prices have increased by around 30% m-o-m and so there is an expectation that the miner will raise the base prices accordingly. The ferrochrome prices however are expected to remain stable at around INR 95,000/t in February due to reduced demand from China.
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