Sydney (Platts)--20Nov2012/412 am EST/912 GMT

Hong Kong-registered Far East Alumina Ltd won Indian Nalco's second alumina term sales contract for 2013, officials from both sides confirmed Tuesday.

The deal called for 300,000 mt of alumina to be shipped from Visakhapatnam between January and December in 10 lots of 30,000 mt each, priced at 16.56% of official cash and three-month LME aluminum values, on an FOB basis.

The closing date for bids was November 15, with validity until November 22.

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According to a company source, Far East has imported 1.0 million-1.5 million mt/year of alumina in recent years. Most of the tons were from Australia, supplemented with material from India and the Caribbean.

The imports were mostly placed in the Chinese domestic market but Far East plans to expand its network to other international markets, the source said.

Nalco awarded its first alumina term contract for 2013 in September at 16.07% of the LME to Singapore-based trader Parthnon Derivatives, comprising 330,000 mt. A Parthnon source told Platts the company plans to resell the tons in Asia and other international markets.

--Joanna Lim, joanna_lim@platts.com --Edited by Elston Soares, elston_soares@platts.com

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