- Ferro chrome prices dip post-holidays
- Silico manganese gains on bulk trades
Ferro silicon prices remain largely stable
Indian ferro silicon (Si 70%) prices edged up by INR 500/t ($6/t) w-o-w to INR 88,000/t ($992/t) exw-Guwahati, while Bhutan’s prices remained unchanged at INR 87,600/t ($988/t).With limited inquiries and few bulk deals, overall price levels in the market remained largely stable. The market is waiting for price announcements by the Bhutan-based players for November.
Ferro chrome prices dip w-o-w post-holidays
Indian high-carbon ferro chrome (HC 60%, Si 4%) prices edged down by INR 1,400/t ($16/t) w-o-w at INR 119,000/t ($1,341/t) exw-Jajpur. With the market resuming post-holidays, buying interest stayed limited as the key buyers had already booked material for the month. In an auction held earlier this week, bids for the larger 10-150 mm lot were INR 115,100/t ($1,300/t) exw, down by INR 5,700/t ($64/t) from the previous auction on 8 October, while the smaller lot received bids of INR 116,100/t ($1,311/t) exw. The auctioned material was of 52-54% grade, with bids on a 60% pro-rata basis, so the actual market impact remains to be seen in the coming days.
Meanwhile, SAIL’s Bhilai Steel Plant (BSP) has floated a tender to procure 400 t of high-carbon ferro chrome (Cr: 60-70%, C: 6-8%, 25-70 mm), with the bid submission deadline set for 12 November. Under the reverse auction qualification rule, the highest-priced bid will be excluded.
Silico manganese prices edge up w-o-w
Indian silico manganese (60-14) prices inched up by INR 500/t ($6/t) w-o-w to INR 71,800–72,100/t ($809–812/t) in Durgapur, Raipur, and Vizag. The uptrend was supported by tight supply, labour shortages during the festive period, and bulk order fulfillment by key producers. However, export prices of the 65-16 grade also went down by $3/t w-o-w to $931/t FOB Vizag/Haldia, India.
Additionally, State-owned mining company MOIL Ltd. has announced that the prices of its manganese ore will remain unchanged for November 2025, effective 1 November 2025. The prices of all ferro grades – including variants with manganese content above and below 44%, as well as all SMGR categories, including Mn30% and Mn25% – have been maintained at the levels announced in October 2025.
Ferro manganese prices inch up on supply shortages
Indian ferro manganese (HC 70%) prices rose slightly by INR 500/t ($6/t) w-o-w to INR 72,000/t ($811/t) exw-Durgapur, while prices inched up by INR 600/t ($7/t) w-o-w to INR 72,100/t ($812/t) exw-Raipur, amid limited availability and steady market demand.
Additionally, HC 75% ferro manganese prices increased by $18/t w-o-w to $931/t FOB Vizag/Haldia.
Imported manganese ore prices remain steady
Prices of imported manganese ore (Mn 37-46%) remained mostly steady 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 $4.26/dmtu, up by $0.04/dmtu and Mn46% from Australia was at $4.76/dmtu CIF India, Unaltered w-o-w.
Ferro molybdenum prices drop w-o-w
Indian ferro molybdenum prices decreased by INR 100,000/t ($1,127/t) w-o-w to INR 2,950,000/t ($33,256/t) exw.The drop was mainly driven by weak demand and sluggish consumption in the stainless-steel sector.
On the London Metal Exchange (LME), molybdenum futures edged down by $0.9/lb w-o-w to $24.490/lb.
Ferro vanadium market remains steady
Ferro-vanadium (FeV 50%) prices in India stayed largely stable, inching up by INR 7,000/t ($79/t) w-o-w to INR 1,158,000/t ($13,125/t) ex-Raipur, with trades recorded at around INR 1,172,500/t ($13,289/t). Chinese FeV50 prices also remained steady at RMB 79,500–86,000/t ($11,198–12,114/t), unchanged w-o-w.
Ferro titanium prices hold firm
Indian ferro titanium (Ti: 70%, 10–50 mm) prices held steady w-o-w at INR 295,000/t ($3,325/t) ex-works. Market activity stayed subdued, with supply and demand in balance. No new inquiries or significant price movements were noted during the week.
IEX spot prices edge down w-o-w
Electricity prices on the Indian Energy Exchange (IEX) stood at INR 2.37/unit during 26-31 October, edged down from INR 2.43/unit in the previous week.
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