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[Ferro-Alloys.com] 

India’s state-owned manganese ore company Moil increased the price of manganese ore shipped from February to March by 5% compared with January, in line with the rise in global manganese ore prices.  

The company has raised the price of 25% and 30% of the powder ore by 5%, but has not provided any further details.

Prices rose 10-15% from January in the face of rising international manganese ore prices and rising demand for alloys.  

Industry companies use Moil prices as a reference for market pricing, and other Indian mining companies are expected to seek higher prices in the first quarter.  

Market participants said rising domestic ore prices are expected to support the manganese alloy market. The manganese alloy market has been slightly weaker recently as demand in the steel industry has fallen.

Falling domestic steel prices and low alloy demand led to lower manganese alloy prices. On January 28, the ex-factory price of 60# silicon manganese fell to Rs .67,000-69,000 / ton, down from the high of Rs .70,000-71,000 / ton at the beginning of January 20. January 28,70-75# ferromanganese ex-factory price from January 21, Rs .70,000-71,000 / ton dropped to Rs .67,000-69,000 / ton, the ex-factory price of 65-70# ferromanganese fell Rs .1,000 / ton to Rs .66, 000-67,000  / ton from the same period last year.