India: Bids inch down m-o-m at OMC's chrome ore auction
At OMC's chrome ore auction today, 67,500 t was sold out of 104,300 t offered. Bids edged down slightly by 1-2% (INR 195-529/t) m-o-m for almost all the grades. Compared to the base prices, bids fetched premiums in the range of INR 100-1,700/t. Lower buying interest in the market and subdued response at a key domestic ferro chrome auction yesterday resulted in lower bids.