- Silico manganese prices decline w-o-w
- Ferro chrome prices climb on supply tightness
Ferro silicon prices fall amid muted market activity
Indian ferro silicon prices dropped by INR 750/t ($9/t) w-o-w to INR 92,750/t ($1,062/t) exw-Guwahati. Meanwhile, Bhutan’s offers dipped by INR 1,000/t ($11/t) to INR 93,500/t ($1,071/t) exw. The market remained subdued last week, marked by sluggish inquiries and bulk deals concluded at lower price levels.
Ferro chrome prices increase on supply constraints w-o-w
Indian high-carbon ferro chrome (HC 60%, Si: 4%) prices rose by INR 1,900 ($22/t) w-o-w to INR 103,500/t ($1,185/t) exw-Jajpur. Offers from sellers went up due to limited supplies in the market and good realisation in exports.
Additionally, at OMC’s chrome ore auction on 19 August, 71,000 t was sold, with bids edging up by 1-2% (INR 50-449/t) m-o-m across most grades. Ferro chrome auction scheduled on 25 Aug’25.
Domestic silico manganese prices ease
Indian silico manganese prices (60-14) were down by INR 500/t ($6/t) w-o-w to INR 70,600-70,660/t ($809-809/t) in the key regions of Durgapur, Raipur, and Vizag. Prices softened as buyers showed limited interest, adopting a cautious stance amid resistance to higher price levels.
Meanwhile, export prices of the 65-16 grade slide by $3/t w-o-w to $931/t FOB Vizag/Haldia, India.
Ferro manganese prices dip w-o-w
Indian ferro manganese (HC 70%) prices dropped slightly by INR 200/t ($2/t) w-o-w to INR 70,640/t ($809/t) exw in Durgapur. Meanwhile, prices, exw-Raipur, dipped by INR 250/t ($3/t) at INR 70,700/t ($810/t) w-o-w.The slight dip in ferro manganese prices was driven by weak demand from steelmakers, stable supply levels, and limited spot market activity, leading to minor downward price adjustments across key regions.
Additionally, HC 75% ferro manganese prices stood firm w-o-w at $904/t FOB Vizag/Haldia.
Imported manganese ore prices decrease w-o-w
Prices of imported manganese ore (Mn 37-46%) decreased w-o-w across all grades. Mn44% from Gabon stood at $4.4/dry metric tonne unit (dmtu), down by $0.03/dmtu; Mn37% from South Africa was assessed at $4.18/dmtu, down by $0.02/dmtu, and Mn46% from Australia was at $4.7/dmtu CIF India, down by $0.04/dmtu w-o-w.
Ferro molybdenum prices climb on strengthening global sentiment
Indian ferro molybdenum prices increased by INR 63,000/t ($722/t) w-o-w to INR 3,043,000/t ($34,854/t) exw. Prices went up amid strong global and domestic demand along with LME futures prices almost touching a 2-year high. Additionally, On the London Metal Exchange (LME), molybdenum futures rose $0.85/lb w-o-w to $24.72/lb, reaching a nearly two-year high.
Ferro vanadium prices edge lower w-o-w amid lacklustre trading activity
India’s ferro vanadium (FeV 50%) prices saw a slight decline this week, dipping by INR 2,000/t ($23/t) week-on-week to INR 1,096,000/t ($12,589) ex-Raipur. The marginal price correction was attributed to subdued buying interest from alloy manufacturers amid weak downstream demand and steady raw material costs.
Ferro titanium prices hold steady w-o-w amid sluggish market activity
Ferro titanium (Ti: 70%, 10-50 mm) prices in India held steady week-on-week at INR 326,000/t ($3,736/t) ex-works. The market witnessed limited activity, with no significant deals reported during the week. Buyer participation remained subdued amid weak demand, highlighting the broader industry slowdown. Given the current market sentiment, prices are expected to remain range-bound in the near term.
IEX spot prices edge down w-o-w
Electricity prices on the Indian Energy Exchange (IEX) stood at INR 4.32/unit during 18-23 August, down from INR 4.47/unit in the previous week.
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