MOIL lowers manganese ore prices by 10% for various grades in Q4 (Jan-Mar’19) on the existing prices prevailing since 01.12.2018 for Ferro Grade, Silico Manganese grade, Chemical grades and Fines.
Manganese Ore India (MOIL), the country’s largest and government-owned manganese ore producer with an annual production of 11.5 lakh MT, has reduced prices of various grades by around 10% in line with global manganese ore prices.
Prices have been slashed on the backdrop of falling manganese ore prices in the seaborne market. It is to be noted that manganese ore prices in the global market have witnessed a downward correction due to resistance from Chinese buyers.
Chinese alloy producers recently witnessed limited demand for their product and hence showed resistance against high manganese ore prices while demanding the same to be reduced to protect their margins.
MOIL has fixed/revised prices of different grades of Manganese Ore, effective from 01.01.2019 as under.
(1) The prices of Ferro Grade, SMGR (Mn 30% & Mn 25%), Chemical Grade and Fines have been decreased by about 10% on the existing prices prevailing since 01.12.2018.
(2) On select grades of non-moving low grade manganese ore, discount of 10% has been offered for the dispatches during the January’ 2019.
(3) Further, on select grades of non-moving low grade manganese ore, MOIL has offered bulk quantity discount ranging from 5% to 20%.
| Ore Code | FERRO GRADE | Mn% | Fe% | Price (INR/MT) |
| BG102 | IST GR LP ‘L’ | 48 | 4.8 | 21477 |
| BL2409 | 2ND GR. LUMP (N-06) | 44 | 7 | 18704 |
| SILICO MANGANESE GRADE | ||||
| SMGRDB S | SM GRADE DONGRI SMAL | 30 | 8.6 | 7510 |
| SILICO MANGANESE GRADE–LOW Mn(25%) | ||||
| BLL492 | SM GRADE 25% (N-11) | 25 | 7 | 5061 |
| FINES | ||||
| DBF474 | DB FINES (N-09) | 30 | 12 | 3580 |
| Bulk Discount on Basic Price (%) | |||||
| Grade | Ore Code | From 2501 MT to 5000 MT | From 5001 MT to 10000 MT | From 10001 MT to 20000 MT | Qty. more than 20000 MT |
| SMGR (MN 25) |
BGL523 | 5 | 10 | 15 | 20 |
| DBL456 | 5 | 10 | 15 | 20 | |
| TDL499 | 5 | 10 | 15 | 20 | |
| FINES | BGF534 | 5 | 10 | 15 | 20 |
| UKF532 | 5 | 10 | 15 | 20 | |
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