The company has not been able to accumulate bids in past few export tenders owing to poor demand of manganese ore across the globe.
MMTC, the largest exporter and trading house in India, has issued a tender to export 25,000 MT manganese ore fines and 10,000 MT manganese ore lumps. The material has been offered by M/s S.K.Sarawagi & Co. Pvt Ltd., Vishakhapatnam.
Fines will contain minimum 24% of manganese content and lumps will contain minimum 30% of manganese content.
The loading port will be Vizag. Also, shipment of the material has been scheduled between July-Aug’15. Prices should be quoted in USD dmt FOBT Vishakhapatnam Port basis. Last date of bid submission will be 06 July’15 at 12:00 hrs and technical bids will open on the same day at 12:30 hrs.
In addition, another open offer for 10,000 MT UMK, South African grade manganese ore is still open. The cargo has been offered by M/s SGS South Africa Pvt. Ltd. Material is available at Vizag Port at INR 8,180/MT loaded into trucks and INR 8,230/MT loaded into wagons. Prices will be valid till 26 June’15.
Last export tender for 20,000-30,000 MT manganese ore held in the month of Feb’15 has been cancelled as the company was unable to fetch bids.
Manganese Ore Market Scenario
Domestic manganese ore market remains dull owing to weak demand of manganese alloys. According to sources, there will be less activity and the market condition will not improve soon.
Imported manganese ore market has been sluggish as demand from manganese alloy producers is low. Chinese demand plays a dominant role in determining prices of imported manganese ore; however demand from China is also dull.
Indian steel market is overall dull and so is the ferro alloy market. As a result, manganese alloy producers are losing interest in procuring raw material.
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