Indian Ferro Silicon prices remains stable amid healthy demand. Market participants stated that the demand is healthy and many producers are overbooked as of now to commit to any new deals. The demand in the domestic market was assessed to be good despite the influx of Russian material into Asian markets.
Ferro Silicon prices at Ex-Guwahati is in the range of INR 73,000 – 74,000/MT. Producers from Bhutan are offering Ferro Silicon in a range of INR 75,000 -76,000/MT Ex- Bhutan. In the export market, prices were down to USD 1180/MT FOB Kolkata. Prices in the domestic market remained consistently stable owing to the steady demand and supply dynamics.
On the future outlook, prices may rise in near future due to heavy demand in the domestic market. It is anticipated that by nest week market may stabilize a little as now there is a high difference in the quotation of prices from the producers depending on the inventory they are sitting at. However, the stock situation might ease out in the upcoming week.
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