- Bhutan gears up for capacity boost
- Chinese prices unchanged w-o-w
Indian ferro silicon (70%) prices stayed largely stable, moving down slightly by INR 200/t ($2/t) in comparison with the last assessment on 7 July 2025. The market moved at a slow pace and with firm offers from sellers but prices did not experience any major fluctuation.
Ferro silicon prices in India were INR 86,800/t ($1,011/t) exw-Guwahati, as per BigMint’s assessment on 14 July. In Bhutan, tags fell slightly by INR 100/t ($1/t) w-o-w to INR 87,000/t ($1,014/t) exw. Around 300 t of deals were reported to BigMint last week in both regions at INR 87,000/t ($1,014/t).
Market recap (8-14 July)
Slow market, Bhutan’s capacity on the rise: The market witnessed subdued activity last week, with only 300 t traded. Despite limited buying, sellers maintained firm offers, showing no willingness to negotiate or reduce their quoted prices. As a result, price levels remained largely stable, with no significant upward or downward movements observed.
However, market participants are hopeful of prices going up as nearly three plants have closed operations in Meghalaya. So supplies might get impacted.
On the other hand, Bhutan is on expansion plans as a new plant with 50,000 t per annum capacity to be set up by mid 2026. This comes after commissioning of another plant in the region with around 19,000 t yearly production capacity.
South India’s price trends: Sellers in Southern part of India were largely offering in the range of INR 87,000-90,000/t ($1,014-1,049/t) exw. However, buying interest stayed low, as per sources.
Chinese prices unaltered: Ferro silicon (Si:75%) prices in China remained unchanged w-o-w at RMB 5,640/t ($787/t) exw-Inner Mongolia. Spot offers in Ningxia were tentatively raised, although actual transaction sentiment was cautious.
Slow bidding from downstream steel mills and production cut mandates in regions like Shanxi (10-30%) continued to weigh on demand. The expected hike in electricity prices and the upcoming coal power peak season may provide limited cost support, capping further downside in ferro silicon prices.
Outlook
Prices in the coming days are likely to stay rangebound with slight variations.
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