India’s state-owned trading company MSTC, which had conducted the e-auction of manganese ore in Karnataka has fetched bids higher than the base price, with most of the material being bought by Manganese Alloy producers from the Southern states of India, as imported Manganese Ore is still expensive with the weak Rupee. The Percentage Increase in winning bids received over Floor Value stood at around 26% in the ninth concluded e-auction, whereas, in the previous e-auction it stood at around 16%.
About 4000 tonnes of Manganese Ore was put on auction all of which was auctioned from SMIORE, Bellary. The winning bids for the recently concluded e-auction were substantially higher to the previous e-auction, as demand for domestic ore has gone up due to lower production in rest of the states across India due to heavy rain falls. Also imports were limited due to weak Rupee.
The manganese content of the material offered ranges from 26-28% and 28-30% and 32-34% according to information on MSTC’s website.
For, Mn% Range= 32 to 34; Fe% Range= 19 to 22%
Average H1 (winning bids) is around INR 9800/MT ($4.9/dmtu), including royalty and FDT
For, Mn% Range= 30 to 32; Fe% Range= 20 to 24%
Average H1 (winning bids) is around INR 8,400 /MT ($4.4/dmtu), including royalty and FDT
Previously India’s state owned and largest manganese ore miner MOIL has increased prices by 5-10% for quarter-2, which was followed by other private miners based in Odisha and Balaghat.
Price Comparison between Manganese Ore Prices Across India
| Particular | Grade | Price (in INR/MT) | Price (in $/dmtu) |
| Odisha | 32-34 Mn | 6,500-7,000/MT | $3.2-3.4/dmtu |
| Balaghat (MOIL) | 30 Mn | 7,500-7,800/MT | $4.0-4.2/dmtu |
| Balaghat, Private Miners | 32-34 Mn | 7,000-7,500/MT | $3.4-3.7/dmtu |
| Karnataka E-Auction | 32-34 Mn | 9,500- 9,800/MT | $4.7-4.8//dmtu |
| Imported | 38 Mn | – | $4.5-4.6/dmtu |
All prices including royalty on ex-mines basis
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