Ferro silicon prices remain unchanged since 2 months finding support at current levels.
Ferro silicon producers in Bhutan continued to offer at stronger levels as they are confident of finding buyers. Sources agreed that trade was limited, but seemed buoyant as inquiries were steadily rising.
Ferro silicon (70-75) is being traded at around INR 67,000, Ex-Bhutan. In the export market, Bhutanese producers are offering ferro silicon at around USD 1,100/MT FoB Kolkata.
In line with the increased prices in Bhutan, Indian producers have also been able to keep up their prices. Current price of ferro silicon (70-75) is INR 65,000 /MT, ex-Guwahati.
However, it is to be seen whether these inquiries can be converted into deals, and would it lead to increase in production levels which could cap any potential rise in prices.
Exchange Rate : USD 1 = INR 66.5
Leave a Reply