- Ferro chrome prices hit 1.5 year high on tight supply
- Silico manganese declines on weak demand
Ferro silicon prices climb on strengthening demand
Indian ferro silicon prices increased by INR 2,900/tonne (t) ($34/t) w-o-w to INR 88,900/t ($1,007/t) exw-Guwahati, while Bhutanese offers also went up by INR 1,500/t ($17/t) to INR 87,500 ($991/t). Rising prices driven by robust domestic and export demand, limited producer activity, tight supply, and Bhutanese sellers diverting material abroad.
Ferro chrome prices reach 1.5-year high amid supply shortage
Indian high-carbon ferro chrome (HC 60%, Si: 4%) prices rose by INR 4,400/t ($50/t) w-o-w to INR 118,100/t ($1,338/t) exw-Jajpur. Prices rose following trades concluded at higher offers, which sellers had raised earlier. Tight supply, stemming from some suppliers staying away from the market, has led to the sharp uptrend in recent weeks.
Silico manganese dip on weak downstream demand
Indian silico manganese prices (60-14) dipped by INR 100/t ($1/t) w-o-w to INR 69,100-69,500/t ($783-787/t) in the key regions of Durgapur, Raipur, and Vizag. Domestic silico manganese prices declined due to weak steel sector demand and monsoon disruptions affecting transport and material movement nationwide.
Meanwhile, export prices of the 65-16 grade dropped by $11/t w-o-w to $912/t FOB Vizag/Haldia, India.
Ferro manganese prices remain largely stable w-o-w
Indian ferro manganese (HC 70%) prices remained flat w-o-w at INR 70,300/t ($796/t) exw in Durgapur. Meanwhile, prices, exw-Raipur, edged down by INR 200/t($2/t) to INR 70,400/t ($798/t) w-o-w.Stable demand in Durgapur and slight oversupply in Raipur likely caused the minor price dip in Raipur this week.
Additionally, HC 75% ferro manganese prices inched up by $3/t w-o-w to $885/t FOB Vizag/Haldia.
Imported manganese ore prices inch up w-o-w
Prices of imported manganese ore (Mn 37-46%) edged up w-o-w across all grades. Mn44% from Gabon stood at $4.41/dry metric tonne unit (dmtu), up by $0.02/dmtu; Mn37% from South Africa was assessed at $4.16/dmtu, up by $0.01/dmtu, and Mn46% from Australia was at $4.72/dmtu CIF India, up by $0.02/dmtu w-o-w.
Ferro molybdenum prices climb, tracking LME uptrend
Indian ferro molybdenum prices went up by INR 40,000/t ($453/t) w-o-w to INR 3,173,000/t ($35,900/t) exw. Prices rose as LME futures surged to their highest level in two years to $25.93/lb on Sept 8, supporting bullish sentiment in the ferro molybdenum market.
Ferro titanium prices remain steady w-o-w
Indian ferro titanium (Ti:70%, 10-50 mm) prices remained largely stable, easing slightly by INR 2,000/t ($23/t) w-o-w to INR 334,000/t ($3,776/t) exw. The market continued to witness balanced supply-demand conditions, and no notable shift in sentiment was observed.
Muted trading keeps ferro vanadium prices unchanged
India’s ferro vanadium (FeV 50%) prices held largely steady w-o-w, easing slightly by INR 10,000/t ($113/t) to INR 1,116,000/t ($12,600/t) ex-Raipur. The marginal decline comes amid limited trading activity, though overall market fundamentals remain stable. Price stability was also underpinned by unchanged ferro vanadium rates in China, which continued to influence sentiment in the Indian market.
IEX spot prices drop w-o-w
Electricity prices on the Indian Energy Exchange (IEX) stood at INR 4.08/unit during 7 to 12 September, up from INR 2.77/unit in the previous week.
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