MOIL cuts price of various grades of manganese ore and other products; Stock trades flat

3 Jan 2022 , 03:07 PM

MOIL has revised prices of different grades of Manganese Ore and other products, effective from January 01, 2022.

As per the regulatory filing, the prices of all Ferro grades of manganese ore with a Manganese content of Mn-44% and above have been reduced by 2.5% on the price prevailing since December 01, 2021, with effect from January 01, 2022.

Further, the prices of all other Ferro grades of manganese ore with Manganese content less than Mn-44%, SMGR (Mn-30% & Mn-25%), Chemical and Fines have been reduced by 5% effective this month.

The basic price of Electrolytic Manganese Di-oxide (EMD) has been reduced from Rs1,21,000 to
Rs1,15,000 starting January 01 this year.

Lastly, MOIL said that Ferro Manganese/Ferro Manganese Slag and some identified grades of Manganese ore will continue to be sold by e-auction as well as through Metal Mandi (M3) of MSTC, in line with the existing policy.

At around 3.05 pm, MOIL was trading at Rs168.80 per piece flat compared to the previous closing. The stock has touched an intraday high and low of Rs169 per piece and Rs167.75 per piece respectively.