- Half the offered volume booked in auction successfully
- Mn 30-32% and 28-30% grades saw highest bookings
Sandur Manganese and Iron Ores Limited conducted a manganese ore auction on 10 July 2026, offering 30,240 tonnes (t) of lump ore across Mn grades ranging from 20% to 34% in 10-100 mm size fractions. Bid levels remained broadly stable w-o-w across all grades, reflecting steady market sentiment.
The auction recorded an offtake of approximately 15,120 t, representing nearly 50% of the total offered volume, while the remaining 15,120 t remained unsold. Mn 30-32% and 28-30% grades accounted for the largest share of bookings, with around eight lots of each grade sold successfully.
Bid prices held broadly stable against the previous auction
Bidding activity in Sandur Manganese and Iron Ores Limited’s 10 July auction remained broadly stable compared with its previous auction held on 25 June. The weighted average bid for Mn 20-22% grade material was unchanged at INR 3,853/t ($40/t). Meanwhile, Mn 26-28% and Mn 28-30% grades registered marginal increases of INR 4/t each, reaching INR 7,871/t ($82/t) and INR 9,401/t ($98/t), respectively.
In contrast, bids for higher-grade material softened slightly, with the weighted average bid for Mn 30-32% grade declining by INR 92/t ($1/t) to INR 9,802/t ($102/t), while Mn 32-34% grade fell by INR 210/t ($2/t) to INR 11,038/t ($115/t).
According to BigMint’s assessment, Indian silico manganese (60-14) prices in Visakhapatnam remained largely stable, edging down by INR 500/t ($5/t) w-o-w to INR 75,500/t ($784/t) on 10 July 2026 from INR 76,000/t ($790/t) on 3 July.
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