- 20-22% grade emerges as preferred choice
- 37% of offered quantity booked
On 29 August 2025, Sandur Manganese and Iron Ore (SMIORE) conducted an auction for 34,272 t of manganese ore, offering both fines and lumps with manganese content ranging from 18% to 34% and particle sizes varying between -10 mm to 100 mm.
The auction witnessed moderate participation, resulting in the allocation of nearly 12,600 t, representing approximately 37% of the total 34,272 t offered. The balance of 21,672 t remained unsold.
Bid prices ranged from INR 2,520 to INR 8,950/t, depending on grade and size, with no notable change m-o-m. Among the various offerings, ore with 20–22% Mn content attracted the highest interest, with approximately 8 lots booked, reflecting sustained preference for mid-grade material.
Key updates
Bids remained unchanged from the previous auction: Bids for manganese ore remained largely unchanged in the auction concluded on 29 August. Lumps with 20-22% Mn content were quoted at INR 2,920/t ($33/t), matching the levels from the 12 August auction. Similarly, bids for 26-28% Mn grade held steady at INR 6,690/t ($76/t), indicating no m-o-m movement. Bids for the higher 32-34% Mn grade also remained flat at INR 8,950/t ($102/t), consistent with the previous auction.
Premiums absent as bids hold steady at base price thresholds: The recent auction demonstrated steady pricing, with bids closely aligning to base values. For example, 28-30% manganese lumps were offered at a base price of INR 7,470/t ($85/t), and the weighted average bid matched this precisely, signaling a stable market outlook.
Similar stability was noted across other manganese grades-18-20%, 20-22%, 26-28%, and 32-34%-with bid prices consistently maintaining their respective base levels.
BigMint’s assessment for silico manganese (60-14) prices in Vizag dropped by 2% m-o-m in August, settling at INR 70,800/t ($803/t) compared to INR 72,400/t recorded in July.
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