India: Imported Mn ore prices under pressure due to weak alloys demand

Source: BigMint Nov 05, 2024 08:30

Drop in manganese alloys demand hits imported ore inquiries. Arrivals of imported ore cargoes rise by 52% w-o-w. MOIL lowers manganese ore prices for Nov'24.

The Indian imported manganese ore market experienced a slight downturn this week, primarily driven by a decrease in domestic and overseas demand for manganese alloys across grades. This weakened demand prompted buyers to adopt a more cautious approach, resulting in reduced purchase commitments and subsequently softer ore prices. Gabonese high-grade