MOIL has revised the prices of different grades of Manganese ore for Q4 FY19-20 w.e.f 1st Feb 2020. The prices were earlier revised on 1st Jan 2020. The prices of Manganese Ore in the domestic market is experiencing a boost with the positive sentiment in the Silico Manganese prices. Meanwhile, the increasing prices of imported Manganese ore also supported the domestic Prices.
In line with the business practice of fixing/revising prices of Manganese Ore and other products, the Company has fixed/revised prices of different grades of Manganese Ore and other products, effective from 01.02.2020 as under.
(1) The prices of all grades of manganese ore having Mn-44% and above have been increased by about 2.5 % and all the other Ferro grades of Manganese Ore having Manganese below 44% have been increased by about 7.5 % on the existing prices prevailing since 01.01.2020.
(2) The prices of SMGR grades (Mn-30% & Mn-25%) and all grades of Fines (except Balaghat Fines) have been increased by about 7.5 % on the existing prices prevailing since 01.01.2020.
(3) The prices of all Chemical Grades and Balaghat Fines namely (BGF452 & BGF534) have been continued as prevailing since 01.01.2020.
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