Within 3 weeks of releasing its chrome ore sales prices for Q1 of 2010, Turkey's ETI KROM has sold 140,000 tonnes of chrome ore to China and contracts will be fulfilled until end of February.
ETI KROM had declared its 42% grade lumpy chrome ore price for January and February as USD 310 per tonne to USD 320 per tonne and USD 330 per tonne to USD 340 per tonne respectively.
Within three weeks company received enquiries for more than 300,000 tonnes for Q1 deliveries. After negotiations, ETI KROM signed contracts with customers for prices of USD 315 per tonne to 325 per tonne on a 42% basis for 140,000 tonnes.
ETI KROM revised its February and March prices to USD 340 to 350 per tonne and USD 360 to 370 per tonne respectively, mainly because of transportation cost increases and winter conditions.
Source: Steel Guru
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