- Tight spot availability lifts domestic prices
- Market to stay firm as supply constraints persist
Indian silico manganese prices inched up amid limited spot material availability, as the market navigates the festive season and faces delays in immediate supply deliveries due to labour shortages. Moreover, key producers are focused on fulfilling pending export and domestic bulk orders, further supporting an upward trend in prices.
As per BigMint’s assessment on 28 October 2025, domestic prices of silico manganese (60-14 grade) witnessed an upward trend across key regions. In Raipur, prices reached INR 71,700/t ($812/t) exw, reflecting a w-o-w increase of INR 260/t ($3/t).
Durgapur followed, with rates assessed at INR 71,700/t ($812/t), up by INR 300/t ($3/t). Prices in Vizag also edged higher by INR 500/t ($6/t) to INR 71,500/t ($810/t). Meanwhile, Raigarh recorded the sharpest rise of INR 200/t ($2/t) to INR 70,900/t ($804/t) ex-works.
The premium 60-15 grade was up slightly w-o-w, trading between INR 73,000-73,500/t ($827-833/t). Meanwhile, in Raipur, trade activity remained stable, with weekly volumes holding around 1,600 t, slight up from the previous week 1,100t. The steady offtake reflects consistent demand from alloy consumers and stable market sentiment.
Confirmed deals (as per BigMint)
Market review
Festive crunch sparks price rise: Domestic market witnessed a modest price uptick, driven by tight spot availability and logistical challenges during the ongoing festive season. Market participants reported delays in supply deliveries owing to labour shortages, which have slowed dispatches across key producing regions.
Adding to the upward momentum, major producers are currently focused on completing older export commitments and bulk domestic orders, leaving limited volumes for fresh spot sales. Strong inquiries from overseas buyers, coupled with restricted Chinese material in Southeast Asian markets, have also lent additional support to Indian prices.
A major smelter informed BigMint that prices are expected to witness a slight uptrend as current production depends on high-priced imported raw materials from August deliveries. Consequently, producers are maintaining firm price levels despite fluctuations in the steel market. Moreover, several plants have shifted their focus to other ferro alloy commodities, resulting in a noticeable supply crunch in the silico manganese segment.
Meanwhile, traders anticipate that prices may remain firm in the near term as production activity gradually normalizes post-festive season and fresh demand from alloy consumers continues to emerge.
Exports grow 13% in H1FY’26: Indian silico manganese exports grew by 13% y-o-y in H1FY’26, driven by steady global demand, which has also lent support to the domestic market amid expectations of sustained demand growth in the near term.
According to BigMint’s latest assessment, export prices of SiMn 65-16 grade remained largely stable, edging down by $1/t week-on-week (w-o-w) to $929/t FOB, while the 60-14 variant inched up by $2/t w-o-w to $835/t FOB.
Overall, Indian silico manganese export prices remained range-bound this week, supported by stable buying interest from key markets in Asia and the Middle East.
Outlook
Domestic silico manganese prices are likely to witness a slight upturn in the coming week as supply tightness persists and overseas inquiries show signs of improvement. However, steel prices and demand trends will remain key factors to monitor for determining the direction of further price movements. Also, the market is waiting for MOIL’s manganese ore price announcement for Nov’25 deliveries.
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