India's state-owned Odisha Mining (OMC) increased chrome ore base prices in its March auction.
OMC set the base price for 48-49.99pc ore from its South Kaliapani mines at 19,500 rupees/t ($225.42/t), up from Rs18,848/t at its February auction because of limited high-grade ore availability in the domestic market.
OMC will not sell 50-51.99pc ore from its Sukrangi mines in March and kept the base price at Rs19,634/t set in February's auction.
State-owned trading firm MSTC will, on OMC's behalf, offer 45,000t of 42-54pc friable chrome ore from South Kaliapani and Sukrangi on 20 March. This is up from the 34,500t offered in OMC's February auction.
The company is also offering 5,700t of 30-44pc lumps, chips and fines from OMC's Bangur mines.
India's domestic 60pc ferro-chrome prices were rangebound at Rs99,000-103,000/t ex-works on 18 March.
