Indian state-owned mining company Moil has cut its manganese ore prices for August shipment as the monsoon lowered demand from the manganese alloy sector. The company reduced its prices for ferro-grade material with 44% and above manganese content by 10% from July. Prices for ore with manganese content below 44%, as well as 25% and 30% silico-grade ore and fines, dropped by 27% from July.
Moil's price changes usually indicate the direction of the wider manganese market in India. Other Indian ore suppliers will likely follow and cut their prices accordingly.
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