India: Bid prices rise at MOIL’s ferro manganese auction

MOIL conducted an e-auction on 18 Jan’22 for 1,250 t of ferro manganese of multiple grades (between 63% and 72%) and 1,200 t of ferro manganese slag (MnO-36%). The entire volume of high-grade ferro manganese (HC 70-72%) was booked at 2% higher than the base price. Market sources have informed that supply tightness persists in the domestic market.


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