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MOIL reduces manganese ore prices by 5%; Fines rates remain unchanged - Indiainfoline

Last updated Wednesday, December 1, 2021 00:42 ET , Source: NewsService

MOIL Limited has reduced the prices of manganese ore by 5% and kept the fine prices unchanged for third quarter 2021-22 (October-December’2021) effective from December 1, 2021.

In line with the business practice of fixing/revising prices of Manganese Ore and other products, the Company has fixed/revised prices of different grades of Manganese Ore and other products, effective from December 1, 2021, as under.

The prices for the month of December 2021 for all Ferro grades, SMGR grades (Mn-30% & Mn-25%), and Fines have been continued as prevailing since November 1, 2021.

The prices for the month of December 2021 for all chemical grades of manganese ore have been reduced by 5 % on the prices prevailing since November 1, 2021.

In November, the prices of all Ferro grades of manganese ore having Manganese content Mn-44% & above had been increased by 5 % and all the other Ferro grades of Manganese Ore having Manganese content below Mn-44% had been increased by 2.5 % on the prices prevailing since October 1, 2021.

The prices of all SMGR grades (Mn-30% & Mn-25%) and all grades of Fines had been increased by 2.5% on the prices prevailing since October 1, 2021.

The prices of all grades of chemical grades of manganese ore has been continued as prevailing since October 1, 2021.

At around 11.20 am, MOIL Ltd was trading at Rs168.10 per piece down by Rs0.9 or 0.53% from its previous closing of Rs169 per piece on the BSE.



Read Full Story: https://www.indiainfoline.com/article/news-top-story/moil-reduces-manganese-ore-prices-by-5-fines-rates-remain-unchanged-121120100308_1.html

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