en.Wedoany.com Reported - India's state-owned MOIL Limited has adjusted manganese ore prices effective July 1, 2026. Prices for metallurgical grade ore with manganese content exceeding 44% have been reduced by 5%, while those with manganese content below 44% have also been cut by 5%. In the SMGR category, prices for ore with 30% and 25% manganese content, fines, and chemical grade ore have been reduced by 5% to 10%.
Imported high-grade ore prices fell month-on-month. In June, the average price of South African 37% grade manganese ore was $4.73 per dry metric ton unit (dmtu), down $0.43/dmtu from May; Australian 46% ore fell by $0.58/dmtu to $5.76/dmtu; and Gabonese 44% material dropped by $0.41/dmtu to $5.52/dmtu. Market participants remained on the sidelines, with limited trading activity. Sufficient inventories accumulated during the price surge in April reduced new purchases, and despite solid underlying production demand, buying interest remained subdued.
Global manganese ore producers lowered their July offers to China. South32 reduced its price for South African Mn37% semi-carbonate lump ore to $4.85/dmtu, down $0.15/dmtu from June. Eramet Comilog cut its Mn44.5% ore price to $5.18/dmtu and Mn43% ore to $4.98/dmtu, both down $0.27/dmtu month-on-month. Jupiter lowered its Mn36.5% ore price to $4.70/dmtu, down $0.10/dmtu from June. Weak alloy demand in China, cautious purchasing, increased seaborne supply, and ample port inventories put pressure on ore offers in July.
Domestic silico-manganese prices in India remained stable month-on-month. According to BigMint's assessment, domestic prices for 60-14 grade silico-manganese in June edged down by INR 100/tonne (approximately $1/tonne) month-on-month to INR 77,600/tonne ($822/tonne) ex-Raipur. Prices faced pressure in the first half of June due to sluggish steel demand, weak buying interest, and liquidity constraints. In the second half, electricity tariff hikes increased producers' production costs, prompting higher offers and improving market sentiment. Despite the upward adjustments, weak downstream demand and buyer resistance limited significant price increases, keeping overall monthly prices largely stable.
Trends in Indian silico-manganese export offers diverged. Prices for the 60-14 grade fell by $3/tonne month-on-month to $821/tonne FOB India, down from $824/tonne in June. Prices for the higher-grade 65-16 material rose by $11/tonne month-on-month to $916/tonne FOB India. Weak overseas demand, oversupply, competitive export offers, and high inventories continued to squeeze sellers' margins, with prices remaining broadly stable.
Domestic billet prices fell month-on-month. In June, billet prices declined by 3% month-on-month to INR 38,800/tonne ($411/tonne) ex-Raipur, compared to INR 40,100/tonne ($425/tonne) in May, as buying activity remained weak after a large volume of bookings was completed in the previous trading session.
