- Ferro chrome prices rise despite buyer caution
- Silico manganese strengthens, nears two-month peak
Ferro silicon prices dip on Bhutan offers, weaker demand
Indian ferro silicon (Si 70%) prices inched down by INR 1,300/t ($15/t) w-o-w to INR 87,000/t ($981/t) exw-Guwahati. Meanwhile, Bhutanese offers also fell slightly by INR 1,000/t ($11/t) to INR 87,000/t ($981/t). Prices declined following Bhutan’s October offers and steady import flows, which dampened domestic demand.
Ferro chrome prices rise amid cautious buyer sentiment
Indian high-carbon ferro chrome (HC 60%, Si 4%) prices rose by INR 1,700/t ($19/t) w-o-w to INR 120,400/t ($1,357/t) exw-Jajpur. While most bulk deals settled at INR 118,000–119,000/t($1,330-1,341/t) exw levels, some reached INR 122,000/t ($1,375/t). Prices rose as sellers raised offers, though buyers remained cautious amid limited spot demand and negotiation resistance.
Meanwhile, during Vedanta-FACOR’s ferro chrome auction on 8 Oct’25, the 10–150 mm larger lot recorded an H1 price of INR 120,800/t ($1,361/t) exw, rising INR 4,800/t ($54/t) over the base, with overall bids 3-4% higher than base levels.
Silico manganese prices firm up
Indian silico manganese (60-14) prices increased by INR 1,050/t ($12/t) w-o-w to INR 70,300–71,000/t ($792–800/t) in key regions like Durgapur, Raipur, and Vizag. Spot market supply remained constrained as traders and smelters held low inventories, pushing buyers to accept higher prices, while smelters prioritized fulfilling existing bulk commitments.
However, export prices of the 65-16 grade rose by $8/t w-o-w to $920/t FOB Vizag/Haldia, India.
Ferro manganese prices up on material shortages
Indian ferro manganese (HC 70%) prices increased by INR 500/t ($6/t) w-o-w to INR 70,900/t ($799/t) exw in Durgapur. Meanwhile, prices, exw-Raipur rose by INR 700/t ($8/t) w-o-w at INR 71,000/t ($800/t). Prices rose due to material shortages and supply constraints, despite weak demand from the steel sector.
Additionally, HC 75% ferro manganese prices by $29/t w-o-w to $915/t FOB Vizag/Haldia.
Imported manganese ore prices remain flat trends w-o-w
Prices of imported manganese ore (Mn 37-46%) remained unchanged w-o-w across grades. Mn44% from Gabon stood at $4.45/dry metric tonne unit (dmtu) w-o-w; Mn37% from South Africa was assessed at $4.19/dmtu, unchanged and Mn46% from Australia was at $4.76/dmtu CIF India, Unaltered w-o-w.
Ferro molybdenum prices remain largely stable w-o-w
Indian ferro molybdenum prices stayed mostly stable with slight dip by INR 36,000/t ($406/t) w-o-w to INR 3,032,000/t ($34,175/t) exw. Regular domestic trades and limited demand kept ferro vanadium prices largely stable in the market.
On the London Metal Exchange (LME), molybdenum futures remained largely stable, slipping slightly by $0.23/lb w-o-w to $24.80/lb.
Ferro titanium prices soften slightly w-o-w
Indian ferro titanium (Ti:70%, 10-50 mm) prices remained largely stable w-o-w, easing slightly by INR 19,000/t ($214/t) to INR 300,000/t ($3,379/t) exw. The market was stable overall, supported by balanced supply-demand conditions, with no significant change I n market sentiment observed during the week.
Ferro vanadium prices climb
Ferro vanadium (FeV 50%) prices in India jumped by INR 27,800/t ($313/t) w-o-w to INR 1,144,000/t ($12,886/t) ex-Raipur, driven by tight global supply, limited imports, and strong steel sector demand. Prices are expected to stay high unless supply improves soon.
IEX spot prices edge up w-o-w
Electricity prices on the Indian Energy Exchange (IEX) stood at INR 2.82/unit during 05 October-11 October, inched up from INR 2.7/unit in the previous week.
Auction result
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