Imported manganese ore demand is still low. Prices may get stable in near future.
Metal & Mineral Trading Corporation (MMTC) has offered 6,000 MT Manganese ore of UMK, South African origin at Vizag Port. The material shall be lumps of size ranging between 6 to 75 mm and shall be sold against 100% advance payment.
Current offered price is INR 8,180/MT loaded into trucks and INR 8,230/MT loaded into wagons. These prices includes CVD of INR 1,680/MT. However, VAT/CST/other statutory levies are to be paid extra.
On 19 June’15, the company issued an export tender for 25,000 MT manganese ore fines and 10,000 MT manganese ore lump with scheduled technical bids which closed on 06 July’15. The company remained barehanded with no participants.
Chemical Specification
| Specification | Grade |
| Manganese (Mn) | 36.1% |
| Iron (Fe) | 5.55% |
| Phosphorous (P) | 0.002% |
| Sulphur ( S) | 0.01% |
Percentage: As per Discharge port analysis report
Source: SteelMint Research
Transportation shall be arranged by buyer and freight shall be payable by them. Also, they should inspect the cargo at Vizag Port before buying the material. Prices will be valid till 15 July’15.
Manganese Ore Demand in India
Demand for manganese ore continues to be sluggish on the back of poor demand for manganese alloys. South African carbonated ore (36-37%) is being offered at USD 2.7/dmtu CIF India.
Imported manganese ore 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 lackluster.
SteelMint assessed that imported manganese ore prices might be stable in near future, subject to demand of ore from India and China, and manganese alloy prices.
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