- Silico manganese tags strengthen on limited output
- Rising imports trigger drop in ferro silicon prices
Indian ferro alloy prices experienced mixed trends this week amid fluctuations in market fundamentals.
India sees ferro chrome price dip following key auction outcomes
Indian high-carbon ferro chrome (HC 60%, Si: 4%) prices edged down by INR 400/tonne (t) ($5/t) w-o-w to INR 100,000/t ($1,170/t) exw-Jajpur. Prices fell following a drop in bids at major auctions last week by the Odisha Mining Corporation (OMC) for chrome ore and Vedanta-FACOR for ferro chrome.
At Vedanta-FACOR’s ferro chrome auction on 23 June, the larger lot of 10-150 mm secured an H1 price of INR 99,200/t ($1,143/t) exw, marginally above the base price of INR 99,000/t ($1,141/t). Additionally, OMC’s ferro chrome auction on 25 June saw limited interest, with just 300 t sold of the 6,900 t offered.
Silico manganese prices edge up amid output control
Indian silico manganese prices (60-14) witnessed a slight increase of INR 200/t ($2/t) w-o-w to INR 71,500-72,300/t ($836-846/t) in the key regions of Durgapur, Raipur, and Vizag. Leading smelters strategically cut production levels, resulting in a slight price recovery in certain areas. This deliberate output control helped stabilise the market and curb further price drops. Meanwhile, export prices of the 65-16 grade inched up by $1/t w-o-w to $922/t FOB Vizag/Haldia, India.
Ferro manganese prices rise on material shortages
Indian ferro manganese (HC 70%) prices went up by INR 300/t ($4/t) w-o-w to INR 71,900/t ($841/t) exw in Durgapur. Meanwhile, prices, exw-Raipur, also increased to INR 72,100/t ($843/t). The upward movement was largely attributed to material shortages, which tightened supply and supported the modest price gains.
Additionally, HC 75% ferro manganese prices also rose by $10/t w-o-w to $913/t FOB Vizag/Haldia.
Imported manganese ore prices remain largely stable w-o-w
Prices of imported manganese ore (Mn 37-46%) remained mostly steady w-o-w across all grades. Mn44% from Gabon stood at $4.35/dry metric tonne unit (dmtu), down by $0.01/dmtu w-o-w, Mn37% from South Africa was assessed at $3.98/dmtu, unchanged w-o-w, and Mn46% from Australia was at $4.65/dmtu CIF India, down by $0.02/dmtu.
South32 announced prices of its August 2025 manganese ore shipments. South African semi-carbonated lumps (37% grade) will be priced at $3.90/dmtu CIF China, marking a $0.05/dmtu increase m-o-m, driven by labour strikes in South Africa that continue to disrupt mining operations and constrain supply. However, Australian lumps (42% grade) will be offered at $4.35/dmtu CIF China, reflecting a $0.05/dmtu decrease m-o-m.
Additionally, United Manganese of Kalahari (UMK), a leading global manganese ore producer based in South Africa, set offers for its 36% grade South African semi-carbonate lumps at $3.85/dmtu CIF China for July 2025 deliveries, down by $0.05/dmtu m-o-m.
Ferro silicon prices slide in India as May sees highest imports in 2 years
Indian ferro silicon prices dipped by INR 400/t ($5/t) w-o-w to INR 88,400/t ($1,034/t) exw-Guwahati. Concurrently, Bhutanese prices also decreased by INR 400/t ($5/t) to INR 88,000/t ($1,029/t) exw. The price dip was driven by limited buyer inquiries, prompting sellers to reduce offers to stimulate trade.
Ferro molybdenum prices rise on raw material shortages
Indian ferro molybdenum prices increased by INR 17,000/t ($199/t) w-o-w to INR 2,691,000/t ($31,478/t) exw, driven by a shortage of molybdenum oxide and disrupted shipments from Iran, a key supplier. On the London Metal Exchange (LME) platform, prices inched up by $0.09/lb w-o-w to $21.9/lb.
Ferro vanadium prices dip in India amid subdued market activity
Indian ferro vanadium (FeV 50%) prices dropped by INR 20,000/t ($233/t) to INR 1,080,000/t ($12,558/t) ex-Raipur amid weak demand and sufficient supply. Falling Chinese vanadium pentoxide prices added pressure. Traders indicated that limited deals took place, as buyers expected further declines. With high inventories and sluggish buying interest, prices are likely to remain under pressure in the short term.
Ferro titanium prices ease in India amid sluggish trading
Prices of ferro titanium (Ti: 70%, 10–50 mm) in India declined by INR 28,400/t ($332/t) w-o-w to INR 341,600/t ($3,996/t) exw. The drop was driven by increased import availability and easing raw material costs. Confirmed deals for approximately 26 t were recorded by BigMint this week, with transaction levels ranging between INR 330,000-340,000/t exw.
IEX spot prices mostly stable w-o-w
Electricity prices on the Indian Energy Exchange (IEX) stood at INR 3.50/unit during 22-28 June, edging down from INR 3.54/unit in the previous week.
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