- Buying remains strongest for Mn 30-32% grade
- 74% of offered quantity booked
Sandur Manganese and Iron Ores Limited conducted a manganese ore auction on 22 May 2026, offering 19,656 t of fines and lumps across Mn grades ranging from 20% to 34% and size fractions between 10-100 mm.
The auction witnessed sound buyer participation, with approximately 14,616 t, nearly 74% of the total offered volume, successfully booked, while 5,040 t remained unsold. Market interest was particularly robust for Mn 30-32% grade material, where eighteen lots secured confirmed bids, reflecting healthy demand for mid-grade ore segments.
Bids fall slightly w-o-w
In the auction conducted on 22 May, bidding activity indicated steady market participation compared with Sandur’s previous auction held on 18 May. The weighted average bid for Mn 26-28% grade lumps remained stable at INR 8,182/t ($86/t). However, bids for Mn 28-30% grade material declined by INR 201/t ($2/t) to INR 9,786/t ($102/t), while Mn 30-32% grade bids eased by INR 95/t ($1/t) to INR 10,502/t ($110/t).
According to BigMint’s assessment, silico manganese (60-14) prices in Vizag fell by INR 1,500/t ($16/t) w-o-w to INR 73,900/t ($772/t) on 22 May 2026, compared with INR 75,400/t ($788/t) on 15 May 2026. Prices remained under pressure amid sluggish downstream demand, as declining steel prices and tight liquidity conditions continued to keep bulk buying activity subdued.
Additionally, Sandur’s previous manganese ore auction held on 18 May 2026 offered 15,120 t of fines and lumps across Mn 18-32% grades. Around 8,064 t, nearly 53% of the offered volume, was successfully traded, while 7,056 t remained unsold.
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