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MOIL cuts Mn ore prices for Q2 FY21 to reduce stocks

Manganese Ore India Ltd (MOIL), the largest manganese ore producer in India, reduced prices by up to 15% with effect from 1 July for the July-Sept quarter.
Excess stocks with MOIL and the need to bring parity with seaborne prices, which fell sharply during the period May - June, were the key reasons for the 15% price cut. Prices of ferro-grade manganese were reduced by 15% from June levels, silico-manganese grades (25% and 30%) were reduced by 10%

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