Indian High Carbon Ferro Manganese prices stable but market participants continue to report of a quiet market with little or no deals being concluded in the past week. It is expected that the fluctuations in prices will remain limited due to the dull demand and firm offers by suppliers. Current prices of HC Ferro Manganese in Raipur stand at Rs. 52,000-52,500 (70% Mn) and Rs. 56,000-56,500 (75% Mn). In Durgapur, HC Ferro Manganese is being offered at Rs. 53,500 (70% Mn) and Rs. 57,000 (75% Mn). All prices are basic and per metric tonne.
There has been no change in the export offers for Indian High Carbon Ferro Manganese, as compared to prices seen last week. Export offers for Indian HC Ferro Manganese 75% min. is hovering between $1020-1050 /MT, and HC Ferro Manganese 70% min. is offered by Indian suppliers at $970 /MT, FOB India (any port). However, demand from international buyers continues to me muted.
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