Indian HC Ferro Manganese market is witnessing sporadic deals and stable prices at the moment. The mainstream domestic price of HC Ferro Manganese 70% is in the range of Rs. 53,000 – 54,000 /MT Ex-Works basis. A Ferro Manganese producer remarked, “Despite regular inquiries, there is no improvement in deals.” He further added, “The market is quiet now and I can't tell whether it will recover in this month.” Moreover, Ferro Manganese producers are also facing margin pressure as cost of importing Manganese Ore has risen, and MOIL has also rolled over prices for next quarter.
Overseas demand for Indian origin HC Ferro Manganese is low, with little or no deals concluded in the past week. It is also been reported that many producers have reduced or stopped production due to high input cost and low prices in the market.
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