International market for Ferro Alloys remains flat. Silico
Manganese 60/14 was heard being traded at $980-1000/MT (FOB Vizag). Whereas,
65/15 traded at $1050-1080/MT & 65/16 at $1080-1100/MT respectively.
Ferro Manganese HC 75% traded at $ 1025-1055/MT and HC 70%
traded at $960/MT (FOB Vizag/Haldia), i.e. lower from the quotes seen previous
week.
According to Indian exporters, “In the international market,
Q3 buying is over. Few big tenders for Q4 buying is heard but it will take some
time to conclude. Buyers are not taking bigger positions and are not
replenishing their stocks. They are cautious and prefer to watch the market
trend. Buying is restricted to the requirement basis.”
Speaking about the prices he added, “Prices should remain
range bound in the near term as enquiries are low and production cost remains
high. Chances are less for power tariffs to go down”.
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