Manganese Ore India (MOIL), the country’s largest and government-owned manganese ore producer with an annual production of 11.5 lakh MT. Prices have been raised in line with rising global manganese ore prices, effective from September 1, 2018.
MOIL raised manganese ore prices of Ferro grade by 5% for the remainder of Q2 over the prevailing prices since Jul’18. However, Silico Manganese grade, Chemical Grade, and Fines have been continued as prevailing since August 1, 2018.
The elevated price of Ferro Grade of Manganese Ore by MOIL can be attributed to the rising imported ore price due to rising Manganese alloys prices in China and devalued Rupee making imports more expensive. Rising offers for Manganese alloys in China has triggered a bullish sentiment among the Ore suppliers. The alloy producers have witnessed high margins recently due to increasing alloy prices, and in line with the same, the Ore traders have also raised their offers.
MOIL has fixed/revised prices of different grades of Manganese Ore as:
(1) The prices of Ferro Grade have been increased by about 5%.
(2) The prices of Silico Manganese, Chemical grades and Fines of Ore and Fines have been kept unchanged on the existing prices since Aug’18.
(3) A discount of 10% will be provided on the revised prices of the BGL523, DBL456 and& DBL457.
| Domestic and Imported Manganese Ore Price | |
| Grade | INR/MT |
| MOIL Mn 37.5%, Fe 7% | 14192 |
| MOIL Mn 44%, Fe 6% | 18893 |
| Lumps, Mn 38%, South Africa | 17807 |
| Lumps, Mn 44%, Fe 5%, Gabon | 22024 |
| Lumps, Mn 46%, Fe 5%, Australia | 24005 |
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