Supply of Ferro Silicon in India remains less as producers in Bhutan are exporting most of the material. Shortage of material in the Indian market has led to rigidity in price levels
Ferro Silicon paucity remains in the Indian market as there is less material on offer from Bhutan. The Indian Market has a shortage of Ferro Silicon as Bhutanese producers are exporting most of the material to other nations. This is because exports are free on tax in Bhutan. For this reason, price of Ferro Silicon in the Indian markets remains unbending. In Bhutan Ferro Silicon (grade70-75) is being offered at around INR 78,000 /MT.
Indian Ferro Silicon Prices (in INR/MT)
In Guwahati Ferro Silicon (grade70-75) is being offered at around INR 76,000 /MT. The buyers of Ferro Silicon are being cautious in their approach, and there is visibly less demand at such price levels. Most of them are holding back purchases hoping for better prices in the days to come. A Meghalaya producer said “I expect the price of Ferro Silicon to remain steady in this month, as there is limited but regular demand.“
SteelMint assessed that in the coming 1-2 weeks Indian Ferro Silicon market may run steadily and the demand in the spot market may stay at current level.
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