Now Reading: MOIL raises manganese ore prices by 5% for October
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MOIL raises manganese ore prices by 5% for October
State-run MOIL has increased manganese ore prices by 5% across all grades for October 2026, effective from midnight on September 30. The revision, announced in an exchange filing on October 1, covers ferro grades with manganese content of 44% and above, ferro grades below 44%, chemical grades, SMGR grades and fines.
The company stated the changes follow its practice of periodic price revisions. Separately, MOIL kept the basic price of electrolytic manganese dioxide (EMD) unchanged at Rs 1,80,000 per tonne, and EMD flakes at Rs 1,71,000 per tonne. The new ore prices apply to the October-December 2026 quarter.
Indian Opinion Analysis
The 5% price hike across all manganese ore grades signals improved demand or supply tightness in the quarter. MOIL's decision to hold EMD prices steady suggests a different cost or demand dynamic for that product. The new rates for the October-December quarter will directly impact steel and alloy producers who rely on MOIL's ore. The company's shares fell 2.09% on the NSE on October 1, indicating the market may have already priced in the increase or had other concerns. The next cue will be MOIL's quarterly production and sales data for the period.
Source: cnbctv18.com
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