Indian Ferro Alloys Market remains stable with demand being low. Prices remain unchanged at most of the places & market players have no great expectations from August.
* Raipur: Silico Manganese 60/15 is quoted at around Rs 54,500/MT. According to a top official from a major manufacturing company, “Market is stable at present. We don't have much expectation from August too. Market should remain more or less same.”
* Odisha: Silico Manganese 60/15 trades at Rs 54,500- 55,000/MT, i.e. same as the previous week. “Market shows a downward trend in the near term. Some improvement is expected but only in September. August is expected to remain dull”, remarked a manufacturer in Odisha.
* Durgapur: Silico Manganese 60/14 stays at Rs 54,500- 55,000/MT. “Market is stable. It is difficult to comment on the future outlook of the market”, said a manufacturer based in Durgapur
* Vizag: Silico Manganese 60/14 is kept unchanged at Rs 55,000/MT. “There was no big buying in July. But we expect to see some purchases by mid of August. Power issues in Andhra Pradesh continue to hurt the production levels. We are currently witnessing 3-days power cut in a week”, said a manufacturer in Vizag.
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