- Silico manganese steady on need-based buying
- Imported Mn ore dips as global miners cut offers
Ferro chrome prices edge up w-o-w on global cues
Indian high-carbon ferro chrome (HC 60%, Si: 4%) prices inched up by INR 200/t ($2/t) w-o-w to INR 100,300/t ($1,164/t) exw-Jajpur. Prices mostly remained stable as market uncertainty and bid-offer gaps clouded short-term direction for participants. Limited offers from suppliers gave them scope to resist buyers’ attempts to drag down prices.
Additionally, China’s TISCO hiked its April 2025 ferro chrome tender price by RMB 600/t ($82/t) to RMB 7,395/t ($1,011/t) DAP, including taxes.
Silico manganese edges down w-o-w on lower bids
Indian silico manganese prices inched down w-o-w by INR 350/t ($4/t) to INR 71,500-72,500/t ($830-842/t) in the key regions of Durgapur, Raipur and Vizag. Prices fell slightly as buyers resisted higher quotes, favouring more competitive offers.
Meanwhile, prices of the 65-16 grade was largely stable, inching down by $5/t w-o-w to $940/t FOB Vizag/Haldia, India.
Ferro manganese prices were stable w-o-w
Indian ferro manganese (HC 70%) prices remained steady with a slight decline of INR 300/t ($3/t) w-o-w to INR 75,000/t ($871/t) exw in Durgapur. However, prices exw-Raipur, were unchanged at INR 75,000/t ($871/t). Prices were consistent on stable market operations.
Additionally, HC 75% ferro manganese prices edged down by $4/t w-o-w to $958/t FOB Vizag/Haldia.
Imported manganese ore dips as global miners cut offers
Prices of imported manganese ore (Mn 37-46%) inched down across grades w-o-w. Mn44% from Gabon stood at $4.99/dry metric tonne per unit (dmtu), down by $0.15/dmtu. Mn37% from South Africa was assessed at $4.07/dmtu, down by $0.13/dmtu w-o-w and Mn46% from Australia was at $5.34/dmtu CIF India, down by $0.16/dmtu.
Additionally, South32 (Mn:37%) and UMK (Mn:36%) reduced manganese ore offers for May by $0.6/dmtu and $0.5/dmtu m-o-m, respectively.
Ferro silicon down post-Bhutan’s price announcements
Indian ferro silicon prices declined by INR 900/t ($10/t) w-o-w to INR 96,100/t ($1,116/t) exw-Guwahati. However, prices were unchanged in Bhutan at INR 96,500/t ($1,116/t) exw. Prices dropped amid weak demand, cheaper imports, and market adjustments.
Ferro molybdenum largely stable in recent trades
Indian ferro molybdenum prices were largely steady with a slight increase of INR 11,000/t ($128/t) w-o-w to INR 2,571,000/t ($29,845/t) exw-India. Barring the slight rise, prices were relatively steady w-o-w, as domestic and global market sentiments remained unchanged. Meanwhile, on the London Metal Exchange (LME), prices were largely stable w-o-w, standing at $20.02/lb.
Ferro vanadium prices remain flat w-o-w
Indian ferro vanadium (FeV 50%) prices remained unchanged w-o-w at INR 1,074,000/t ($12,467/t) exw-Raipur. The price stability, seen over the past two weeks as well, is due to market stagnancy amid persistent subdued downstream demand.
Ferro titanium prices remain steady w-o-w
India’s ferro titanium market showed stability w-o-w, with limited price movements, a top domestic seller told BigMint. Prices for Ti: 70%, 10-50 mm grade hovered at around INR 355,000-360,000/t exw, though a few deals closed lower at INR 325,000-330,000/t.
IEX spot prices rise w-o-w
Electricity prices on the Indian Energy Exchange (IEX) stood at INR 5.05/unit during the period from 6-12 April, going up from INR 4.52/ unit in the previous week.
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