Domestic Manganese Ore prices have stabilized, after MOIL had earlier raised prices by 9-10% for April-June quarter, which impacted the prices of Silico Manganese and Ferro Manganese to rise. “There is a restricted supply now while demand is pretty decent, so that will provide some support to Manganese ore prices,†a Durgapur-based trader said. “I doubt there will be much room for prices to decline in the immediate future.â€Â
We have heard some imported deals from Gabon (Africa) concluded at $5.6-5.65/dmtu CFR India for 44% Mn, he further added.
Several industry sources said sellers were confident of sustained support for ore prices, so they were not willing to move their offer levels down.
Current Prices of domestic Manganese Ore:
Balaghat (MP)
28-30 Mn, Fe 6-7%- Rs 6,500/t
34-36 Mn, Fe 7-8% – Rs 9,000/t
42-44 Mn, Fe 7-8% – Rs 13,000/t
Prices Incld Royalty
Odisha
32-34 Mn – Rs 8,000/t
34-35 Mn- Rs 8,500/t
Prices Incld Royalty
Karnataka (E-Auction Prices)
36-38 Mn, Fe 16-19%- Rs 9300/t
30-32 Mn, Fe 20-21%- Rs 7000/t
Prices Incld Royalty
India’s Manganese Ore imports increased by around 46% from previous month
Manganese ore imports increased by 46% M-o-M in India. In Feb’13, India imported 99,000 MT out of which 57600 MT was from South Africa, 33900 MT from Australia and the remaining from other countries.
Similarly, In March’13, India imported 1, 44,650 MT out of which 73,400 was imported from South Africa and 34,200 MT from Australia. Also, 32,500 MT was imported from Gabon.
The major importing ports are Kolkata and Vishakhapatnam.
SteelMint assessed the tentative offers from global markets:
Australia: 45-46% Mn- $5.9- 5.95/ dmtu CIF India
South Africa: 32-34% Mn, $4.8-4.9/ dmtu CIF India
Gabon: 44-45% Mn, $5.6-5.7/ dmtu CIF India
Leave a Reply