- Steady imports reduce demand for domestic material
- Imported silicon metal prices slip slightly by $5/t w-o-w
Indian ferro silicon (70%) prices dropped by INR 1,300/tonne (t) ($15/t) as compared to the previous assessment on 29 September. The decline was primarily driven by most sellers adjusting their offers to Bhutan’s October 2025 prices of INR 87,000/t ($980/t) exw.
As per BigMint’s assessment on 6 October, ferro silicon prices in India were at INR 87,000/t ($981/t) exw-Guwahati. In Bhutan, prices inched down by INR 600/t ($7/t) w-o-w to INR 87,400/t ($985/t) exw.
Market summary (30 September-6 October 2025)
Sellers align offers with Bhutan prices: Domestic ferro silicon prices declined as Bhutan released its October 2025 offers at INR 87,000/t ($980/t) exw. Steady imports of silicon metal and ferro silicon also majorly contributed to the w-o-w fall, as they reduced buying interest for domestic material.
Following Bhutan’s announcement, most Indian producers from the northeast adjusted their prices to similar levels, though no fresh trades were heard since the prices have just been announced. Additionally, the expected start of three new ferro silicon plants in Bhutan this month is likely to boost supply further, increasing competition and potentially putting additional downward pressure on prices in the near term.
South Indian market trends: In the southern region, offers ranged within higher levels of INR 90,000-94,000/t ($1,014-1,060/t) exw-Vizag. However, no deals were concluded, as buyers remained cautious towards these elevated offers.
Silicon metal prices hold firm: Imported silicon metal prices to India from China (grade 553, Si: 98.5%) slipped by $5/t w-o-w to $1,380/t CFR Mundra as of 6 October.
Outlook
Ferro silicon prices are expected to remain stable in the near term, supported by sellers aligning with Bhutan’s October rates.
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