OMC lowers chrome ore base prices for November

摘要

Indian state-controlled mining company OMC has lowered chrome ore base prices for its November tender, in line with slow demand and a recent downturn in Chinese ferro-chrome prices. OMC has set the base price for 48-49.99pc grade ore from its South Kaliapani mines at 18,475 rupees/t ($248.05/t), down from Rs21,206/t in its October tender. It is offering 50-51.99pc grade ore from its Sukrangi mines at Rs19,245/t, down from Rs22,089/t in October.