Chrome Ore Base Prices Rise on Ferro-Chrome Market Strength
India’s Odisha Mining Corporation (OMC) raised the base prices of chrome ore in its September auction. The new price for 48–49.99% grade ore from the South Kaliapani mines is 19,743 rupees per tonne ($236.5), up from 18,386 rupees in August. This adjustment reflects increased ferro-chrome prices and stronger export-driven demand.
No Offering for High-Grade Sukrangi Ore
This month, OMC will not offer 50–51.99% grade chrome ore from its Sukrangi mines. Last month, this grade had a base price of 20,173 rupees per tonne, but no supply is available for September.
Reduced Chrome Ore Volumes in September
India’s trading agency MSTC plans to auction 22,400 tonnes of 42–54% grade friable chrome ore from both South Kaliapani and Sukrangi mines on September 20. This is a reduction from the 24,800 tonnes offered in August, likely due to monsoon-related output disruptions.
Additional Chrome Ore Offerings from Bangur
MSTC will also auction 1,300 tonnes of lower-grade chrome lumps, chips, and fines (30–36%) from the Bangur mines. Despite the rise in ore base prices, India’s domestic ferro-chrome prices for 60% grade have remained stable at 106,000–108,000 rupees per tonne as of September 19.
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