- 72% of offered quantity draws successful bids
- Market demand concentrated on Mn 30-32% ore
On 5 February 2026, Sandur Manganese and Iron Ore (SMIORE) conducted an auction for 23,688 t of manganese ore, for both fines and lumps. The offerings ranged in manganese content from 18%-35 % with particle sizes from -10 mm to 100 mm. The sale drew robust buyer interest, with roughly 17,136 t, about 72 % of the total, successfully booked, leaving 6,552 t unsold. Most of the buying activity was concentrated on higher-grade Mn 30-32 % ore, with nine lots securing confirmed bids.
Bidding activity mostly stable m-o-m
Bids remained mostly stable in the auction concluded on 5 February compared with the previous auction on 28 January. The weighted average bid for lumps with Mn18-20% content settled at INR 3,224/t ($36/t), marking a slight 1% rise from INR 3,207/t ($35/t) in the earlier auction.
Meanwhile, bids for ore with Mn22-24% content went up by 1%, while those for Mn26-28% grade remained unchanged over the same period.
Meanwhile, BigMint’s assessment for silico manganese (60-14) prices in Vizag edged up by 1% w-o-w to INR 73,200/t ($808/t) on 5 February compared to INR 72,600/t ($802/t) on 29 January.
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