MOIL, a mini Ratna state-owned manganese-ore mining company headquartered in Nagpur, India conducted the e-auction on 14th Nov’19. The auction received no response as the base price quoted was at higher levels. In the Current Scenario, most of the Ferro Manganese producers are offering material at much cheaper prices as compared to the base prices offered by MOIL. The total quantity that was offered was about 8800MT; out of which 2660MT was for HC Ferro Manganese, 1000MT was for Ferro Manganese Slag and the remaining quantity was for Manganese Ore of Dioxide grade.
The base price offered for HC Ferro Manganese (70-72%) was at INR58,500/MT, whereas the producers in the market are concluding the deals of Ferro Manganese in the range of INR 58000-59,000/MT in the Domestic market. Moreover, with the continuously falling steel market, the buying interest of Manganese alloys remains tepid and the market is driven by the poor buying sentiment and the falling ore prices have made the situation worse for the Manganese Alloys producers as the fall in the ore prices have backfired as the Ferro Manganese prices came soaring down to significant levels.
In the current scenario, In Raipur, the prices are down significantly and are at around INR 59,000/MT ex-Raipur. Meanwhile, Prices for Durgapur also fell by INR 2,500/MT and is at around INR 58,000/. In the export market, prices fell in line with low demand and depreciating currency value and are presently traded at USD 825/MT for 70% grade and USD 885/MT for 75% grade.
| MOIL Ferro Manganese Auction held on 14.11.19 | ||||
| LOT NO | MATERIAL DESCRIPTION | QTY | START PRICE | BID PRICE |
| 1 | HIGH CARBON FERRO MANGANESE SPECIFICATIONS : Manganese 70-72% ; Phosphorus 0.45% Max; Carbon 7.5% Max; Silicon 1.5% Max; Sulphur 0.035% Max; Size: 25 50mm | 2500.00 | 58500 | No Bid |
| 2 | HIGH CARBON FERRO MANGANESE SPECIFICATIONS : Manganese 68%(+/-1%) ; Phosphorus 0.45% Max; Carbon 7.5% Max; Silicon 2% Max; Sulphur 0.035% Max; Size: 10 25mm. | 100.00 | 56800 | No Bid |
| 3 | HIGH CARBON FERRO MANGANESE SPECIFICATIONS : Manganese 64% (+/-1%) ; Phosphorus 0.45% Max; Carbon 6.8% Max; Silicon 2.5% Max; Sulphur 0.035% Max; Size: 03 10mm | 40.00 | 53500 | No Bid |
| 4 | HIGH CARBON FERRO MANGANESE SPECIFICATIONS : Manganese 60%(+/-1%) ; Phosphorus 0.45% Max; Carbon 6.8% Max; Silicon 4.5% Max; Sulphur 0.035% Max; Size: 00 03mm. | 20.00 | 50100 | No Bid |
| 5 | FERRO MANGANESE SLAG Chemical : MnO 36% Min; Physical: 10mm to 75 mm Size Tolerance: (+) 75mm 5 %(-) 10 mm 5%. | 1000.00 | 7400 | No Bid |
| 6 | Manganese Ore of Dioxide Grade – Code:DB1121S Chemical : MnO2 55-57.99%; Physical : +6mm – 29%, +3mm – 29%, -3mm – 42% | 360.00 | 15800 | No Bid |
| 7 | Manganese Ore of Dioxide Grade – Code:DB1121M Chemical : MnO2 55-57.99%; Physical : +10mm – 60%, +6mm – 23%, +3mm – 10%, -3mm – 7% | 600.00 | 15500 | No Bid |
| 8 | Manganese Ore of Dioxide Grade – Code:DB1121L Chemical : MnO2 55-57.99%; Physical : +10mm – 92%, +6mm -02%, +3mm – 03%, -3mm – 03% | 660.00 | 15200 | No Bid |
| 9 | Manganese Ore of Dioxide Grade- Code:DB1122S Chemical : MnO2 58-59.99%; Physical : +6mm – 29%, +3mm – 29%, -3mm – 42% | 220.00 | 16500 | No Bid |
| 10 | Manganese Ore of Dioxide Grade- Code:DB1122M Chemical : MnO2 58-59.99%; Physical : +10mm – 60%, +6mm – 23%, +3mm – 10%, -3mm – 7% | 360.00 | 16200 | No Bid |
| 11 | Manganese Ore of Dioxide Grade- Code:DB1122L Chemical : MnO2 58-59.99%; Physical : +10mm – 92%, +6mm -02%, +3mm – 03%, -3mm – 03% | 540.00 | 15900 | No Bid |
| 12 | Manganese Ore of Dioxide Grade – Code:DB1123S Chemical : MnO2 60-61.99%; Physical : +6mm – 29%, +3mm – 29%, -3mm – 42% | 160.00 | 18800 | No Bid |
| 13 | Manganese Ore of Dioxide Grade – Code:DB1123M Chemical : MnO2 60-61.99%; Physical : +10mm – 60%, +6mm – 23%, +3mm – 10%, -3mm – 7% | 380.00 | 18400 | No Bid |
| 14 | Manganese Ore of Dioxide Grade – Code:DB1123L Chemical : MnO2 60-61.99%; Physical : +10mm – 92%, +6mm -02%, +3mm – 03%, -3mm – 03% | 140.00 | 18000 | No Bid |
| 15 | Manganese Ore of Dioxide Grade – Code:DB1124S Chemical : MnO2 62-63.99%; Physical : +6mm – 29%, +3mm – 29%, -3mm – 42% | 140.00 | 19400 | No Bid |
| 16 | Manganese Ore of Dioxide Grade – Code:DB1124M Chemical : MnO2-62-63.99 %; Physical : +10mm – 60%, +6mm – 23%, +3mm – 10%, -3mm – 7% | 260.00 | 19000 | No Bid |
| 17 | Manganese Ore of Dioxide Grade – Code:DB1124L Chemical : MnO2-62-63.99 %; Physical : +10mm – 92%, +6mm -02%, +3mm – 03%, -3mm – 03% | 380.00 | 18600 | No Bid |
| 18 | Manganese Ore of Dioxide Grade – Code:DB1125M Chemical : MnO2-64-65.99 %; Physical : +10mm – 60%, +6mm – 23%, +3mm – 10%, -3mm – 7% | 420.00 | 21600 | No Bid |
| 19 | Manganese Ore of Dioxide Grade – Code:DB1126M Chemical : MnO2-66-67.99 %; Physical : +10mm – 60%, +6mm – 23%, +3mm – 10%, -3mm – 7% | 80.00 | 22200 | No Bid |
| 20 | Manganese Ore of Dioxide Grade – Code:DB1126L Chemical : MnO2-66-67.99 %; Physical : +10mm – 92%, +6mm -02%, +3mm – 03%, -3mm – 03% | 20.00 | 21800 | No Bid |
| 21 | Manganese Ore of Dioxide Grade – Code:DB1127S Chemical : MnO2-68-69.99 %; Physical : +6mm – 29%, +3mm – 29%, -3mm – 42% | 160.00 | 25700 | No Bid |
| 22 | Manganese Ore of Dioxide Grade – Code:DB1127M Chemical : MnO2-68-69.99 %; Physical : +10mm – 60%, +6mm – 23%, +3mm – 10%, -3mm – 7% | 160.00 | 25200 | No Bid |
| 23 | Manganese Ore of Dioxide Grade – Code:DB1128S Chemical : MnO2-70-71.99 %; Physical : +6mm – 29%, +3mm – 29%, -3mm – 42% | 40.00 | 26500 | No Bid |
| 24 | Manganese Ore of Dioxide Grade – Code:DB1128M Chemical : MnO2-70-71.99 %; Physical : +10mm – 60%, +6mm – 23%, +3mm – 10%, -3mm – 7% | 60.00 | 26000 | No Bid |
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