Indian state-owned trading company MSTC Ltd which had begun electronic auction sales of minehead stocks of manganese ore available with Karnataka miner Sandur Manganese & Iron Ores (SMIORE), has fetched bids at similar levels for its 5400 tonnes of manganese ore of grade 30-38 Mn.
The floor price for ore cargoes containing 36-68% Mn and Fe content upo 18% had been set at Rupee 8,000/mt ($148/mt), which had managed to fetch bids at Rs 8300-8500/mt (Excluding Royalty and FDT)
The floor price for ore cargoes containing 32-30% Mn and Fe content upto 24% had been set at Rupee 5,000/mt ($92/mt), which had managed to fetch bids at Rs 6000-7000/mt (Excluding Royalty and FDT).
Earlier this month MOIL, state owned and India's largest manganese ore producer had raised offers by 9-10%
Karnataka (E-Auction Prices)
36-38 Mn, Fe 16-19%- Rs 9300/t
30-32 Mn, Fe 20-21%- Rs 7000/t
Prices Incld Royalty and Taxes; Excld FDT
Balaghat (MP)
28-30 Mn, Fe 6-7%- Rs 6,500/t
34-36 Mn, Fe 7-8% – Rs 9,000/t
42-44 Mn, Fe 7-8% – Rs 13,000/t
Prices Incld Royalty and Taxes
Odisha
32-34 Mn – Rs 8,000/t
34-35 Mn- Rs 8,500/t
Prices Incld Royalty; Taxes Extra
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