Domestic silico manganese prices in India are hovering at a four-month low. The benchmark SiMn 60-14 from Raipur is hovering at around INR 68,400/t. These levels were last seen in early April 2024. One key reason for the drastic fall in prices is the decline in exports of silico manganese. Around 50% of the total domestic manganese alloys production gets exported. Thus, a dull overseas market has obviously weakened domestic prices.
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