MOIL Limited Formerly Manganese Ore (India) Ltd, a government of India enterprise invites bid through MSTC for sale of Manganese Ore and High Carbon Ferro Manganese from Dongribuzurg Mine Bhandara, Maharashtra (India) and Ferro Manganese Plant, Distt. Balaghat Madhya Pradesh (India) respectively.
Specifications:
1. Manganese Ore:
- Mn: 46.5-48%, Fe: 7.5-9%
- Total quantity: 3,008 MT
- Location: Dongribuzurg Mine Distt.Bhandara, (Maharashtra) India
2. High Carbon Ferro Manganese:
- Mn: 73-74%, Carbon: 6 -8% Max
- Total quantity: 144 MT
- Location: Ferro Manganese Plant, Balaghat Distt.Balaghat (M.P.)
Mode of Dispatch: By Road / Rail
Important Dates:
- Due Date: 1600 hrs IST 20 Aug, 2013
- Bid Opening Date: 21 Aug
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Global Manganese Ore Miners cut Offers to entice demand
Manganese Ore market continues to be weak, with no sign of any improvements, as is the case with the Manganese Alloys. Most smelters have either substantially cut-down productions or have opted to shut-down their facilities. In line with the weakened demand for Manganese Ore, big international miners have also reduced their offers. BHP has declared its prices for September, 2013 shipments. BHP, Australia is offering high-grade Manganese Ore (46%) at USD 5.50/DMTU CIF India and BHP, South-Africa is offering Manganese Ore (46%, high Fe) at USD 5.70/DMTU CIF India main-ports. BHP is also offering Manganese Ore 49% (Chips) at USD 5.30/DMTU CIF India. Eramet (Gabon) is offering Manganese Ore (44%) at USD 5.1/DMTU for its next shipment to India. Brazil's CVRD is offering Manganese Ore (44-45%) at USD 5.5/DMTU CIF India, China Main-ports. Although, the stock level with Manganese Alloy producers remains low, market participants are adopting a cautious approach towards taking a long position in Manganese Ore. However, offer prices from BHP for South African Carbonated Ore (37.5%) remains unchanged at USD 4.50/DMTU CIF India, for September 2013 shipments.
The Ferro Alloy industry in India is going through a period of continuous decline, and the situation of the industry is getting worse by the day. According to some sources, the cost of producing Manganese Alloys is higher than the market prices, and many producers are finding it difficult to survive in a highly debt ridden industry. It is not only the Manganese Ore prices, but also the rising costs for other inputs which is a major concern as the Manganese Alloy industry is totally dependent on external sources for most of its raw materials, over which it has no control.
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