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MMTC to Take Nearly 1.3 M mt

December 3, 2020Breaking Industry NewsSteve Seay

India’s MMTC has confirmed it will take 1.275 million mt from 10 companies. Prices are $286.50/mt CFR for East Coast delivery and $284.70/mt CFR for West Coast unloadings. The buyer and PIC also agreed on a price of $282/mt FOB. Sources said this purchase represents the bare minimum India will need to start the next season, leaving open the possibility of a tender call in February. See the Dec. 4, 2020 issue of Green Markets for more details.

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