Ferro silicon prices are stable since last week owing to moderate demand in the domestic market. The export market is still inactive due to lower-cost material available in the global market. The imports from Malaysia may again flood the Indian market as the BIS certification dates have been extended by three months, up to 23rd Oct’ 20.
The transactional price remains at around INR 71,000-72,000/t Ex-Bhutan and INR 71,000-72,000/t Ex-Guwahati. However, a few producers who are in need of cash are underselling to the levels of INR 70,000/t.
Future Outlook:
Ferro Silicon demand is likely to remain stable for now with not much improvement expected due to the dull steel market. However, during the ongoing monsoons, there is a possibility of hindrance in the supply of charcoal from South India.
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