- Ferro chrome prices fall INR 900/t on limited market activity
- Stronger steel prices lift silico manganese prices by INR 150/t
Indian ferro alloys prices showed mixed trends in the week ending 26 December. Trade activity slowed in various segments as the year-end approached. Only silico manganese and ferro molybdenum prices rose due to stronger steel and stainless steel demand, respectively.
Ferro silicon prices drop on weak demand
Indian ferro silicon (Si 70%) prices declined by INR 300/t ($3/t) w-o-w to INR 96,700/t ($1,077/t) exw-Guwahati. Bhutan’s prices also dropped by INR 1,500/t ($17/t) to INR 95,500/t ($1,064/t). Ferro silicon prices softened slightly across both regions, weighed down by lower-priced transactions amid cautious buying and weak demand.
Ferro chrome prices fall due to market slowdown
Indian high-carbon ferro chrome (HC 60%, Si: 4%) prices fell by INR 900/t ($10/t) to INR 106,500/t ($1,186/t) exw-Jajpur. Prices dipped as market activity remained limited amid the year-end slowdown, while participants re-evaluated offers and bids following the OMC chrome ore auction.
At OMC’s chrome ore auction held on 19 December 2025, 78,500 t were sold out of 106,800 t offered. Bids for grades above 40% declined by 5-12% m-o-m (INR 950-2,136/t), while those for grades below 40% remained largely stable.
Domestic silico manganese inches up as steel prices strengthen
Indian silico manganese (60-14) prices inched up by around INR 150/t ($2/t) w-o-w to INR 68,600-69,700/t ($764-776/t) across Durgapur, Raipur, Raigarh, and Vizag. Prices edged higher as improving steel prices boosted buyer confidence, encouraged restocking activity, and lifted demand sentiment across key silico manganese producing and consuming regions.
However, HC 65-16 silico manganese prices edged down by $6/t w-o-w to $897/t FOB Vizag/Haldia.
Ferro manganese prices dip w-o-w
Indian ferro manganese (HC 70%) prices dropped w-o-w by INR 100/t ($1/t) to INR 70,800/t ($788/t) in Durgapur and decreased by INR 300/t ($3/t) to INR 71,300/t ($794/t) in Raipur. Prices declined due to need-based buying from consumers, with limited spot demand and cautious procurement amid sufficient inventories.
Meanwhile, HC 75% ferro manganese prices also decreased by $9/t w-o-w to $882/t FOB Vizag/Haldia.
Imported manganese ore prices reflect mixed sentiments w-o-w
Prices of higher grades of imported manganese ore (Mn 37-46%) reflected variations w-o-w. Mn44% from Gabon stood at $4.89/dry metric tonne unit (dmtu), up by $0.01/dmtu, Mn46% from Australia was at $5.23/dmtu CIF India, up by $0.01/dmtu, and Mn37% from South Africa was assessed at $4.27/dmtu, down by $0.02/dmtu w-o-w.
Ferro molybdenum prices edge up on stronger stainless steel demand
Indian ferro molybdenum prices increased by INR 36,000/t ($401/t) w-o-w to INR 2,698,000/t ($30,043/t) exw. Prices were supported by firm seller offers and a mild pick-up in stainless steel demand, which helped stabilise market sentiment and provided modest upward momentum.
However, on the London Metal Exchange (LME), molybdenum futures edged down by $0.14/lb w-o-w to $21.31/lb.
Ferro vanadium prices inch down on muted demand
Indian ferro vanadium (FeV 50%) prices fell by INR 1,800/t ($20/t) w-o-w to INR 1,131,200/t ($12,600/t) ex-Raipur on 24 December, though the market remained stable. The marginal correction was due to muted special steel demand and cautious year-end procurement. Chinese vanadium pentoxide prices stayed largely stable, limiting any volatility. Market participants expect a stable price trajectory on controlled supply and potential post-holiday restocking.
Ferro titanium prices remain unchanged w-o-w
Indian ferro titanium prices (Ti 70%, 10-50 mm) remained flat w-o-w at INR 284,000/t ($3,162/t) ex-works as of 24 December. With the year-end nearing, trading activity slowed, keeping market sentiment steady and conditions subdued across global markets.
IEX spot prices increase w-o-w
Electricity prices on the Indian Energy Exchange (IEX) stood at INR 4.38/unit during 21-27 December, up from INR 3.71/unit the previous week.
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