Ferro Silicon prices continue to remain at the same level on low but constant sales. Market sources reported of demand returning into market.
In Bhutan, prices of Ferro Silicon remain unchanged on stable demand. Ferro Silicon (70-75) is being traded at INR 75,500/MT (Ex-Bhutan). Bhutanese producers reported of weak export market as there was low demand from European nation. In the export market, Ferro Silicon is being offered at around USD 1,270/MT FoB Kolkata; unchanged W-o-W. Demand from India was considerably resilient.
[su_quote]A Bhutanese producer stated, “I expect the market to change soon as there will be huge quantity orders from companies like Tata, RINL & SAIL.”[/su_quote]
Indian Ferro Silicon market also witnesses no change in terms of prices. Current prices of Ferro Silicon (70-75) is at around INR 72,500/MT in Guwahati; unchanged W-o-W.
[su_quote]“I believe in this month there will no changes in prices, although demand has significantly risen,” remarked a Meghalaya based trader.[/su_quote]
SteelMint learned from market sources that prices are likely to remain steady and trading may remain modest for the rest of the month.
Exchange Rate: USD 1=INR 60.27
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