- Ferro chrome prices climb on supply squeeze
- Silico manganese prices gain on higher ore costs
Ferro chrome prices rise w-o-w, on tight supplies
Domestic high-carbon ferro chrome (60%, Si: 4%) prices increased by INR 6,100/t ($67/t) w-o-w to INR 112,600/t ($1,229/t) exw-Jajpur. Limited material supply and strong export realisations due to firm demand from China encouraged sellers to increase their offers.
Additionally, Odisha Mining Corporation (OMC) has scheduled an auction on 27 Jan’26 for 3,000 t of high-carbon ferro chrome across multiple grades and sizes (Cr: 50-64%, 0-100 mm). The base price for the largest lot of 1,500 t (Cr: 60-64%, 10-100 mm) has been set at INR 104,500/t exw.
Imported manganese ore prices shows mixed trends w-o-w
Imported manganese ore prices climbed up w-o-w. Mn44% Gabon prices increased to $5.17/dmtu, up by $0.01/dmtu, Mn46% Australia to $5.53/dmtu, up by $0.01/dmtu. However, Mn37% South Africa trimmed to $4.47/dmtu w-o-w, down by $0.01/dmtu.
Silico manganese prices inch up on rising imported ore costs
Indian silico manganese (60-14) prices inched up by INR 875/t ($10/t) w-o-w to INR 71,900- 72,700/t ($785-794/t) across Durgapur, Raipur, Vizag and Raigarh. Strong domestic demand, limited supply, and rising imported manganese ore costs supported prices. Although steel mills remained cautious, improving buying interest reflected a positive market outlook.
HC 65-16 silico manganese prices increased by $13/t to $921/t FOB Vizag/Haldia.
Additionally, HBIS set Jan 2026 silico manganese price at RMB 5,920/t, up RMB 150/t from December’s RMB 5,770/t tender levels announced.
Ferro manganese prices rise on acceptance towards higher quotes
Indian ferro manganese (70%) prices rose by INR 600/t ($7/t) w-o-w to INR 72,500/t ($791/t) in Durgapur and Raipur. The increase was supported by firmer seller offers and improved buyer acceptance of higher quotations, reflecting steady demand and a stable to positive market sentiment.
Export prices for 75 grade increased by $13/t w-o-w to $910/t FOB Vizag/Haldia.
Ferro silicon prices remain largely steady w-o-w
Indian ferro silicon (Si 70%) prices remained largely stable with slight corrections w-o-w at INR 93,800/t ($1,024/t) exw-Guwahati, down by INR 200/t ($2/t). Bhutan prices also dipped by INR 200/t ($2/t) to INR 93,700/t ($1,023/t) exw. Prices held mostly steady, as market sentiment remained stable and neutral. Tight spot supply prevented significant price corrections.
Noble alloys prices reflect mixed market movements
Indian ferro vanadium 50% prices edged down INR 16,750/t w-o-w to INR 1,152,000/t ex-Raipur , pressured by subdued demand, lofty offers, cautious steelmaker buying, and softer sentiment tracking mild US and European market corrections.
Indian ferro titanium (Ti: 70%, 10-50 mm) prices rose by INR 10,500/t w-o-w to INR 300,000/t exw. The increase was primarily driven by higher raw material costs and firm global price trends. Additionally, balanced supply-demand dynamics in the domestic market also kept Indian prices supported.
Indian ferro molybdenum prices edged up by INR 41,000/t ($448/t) w-o-w to INR 2,975,000/t ($32,479/t) exw. Steady demand in the domestic market and global price hike were the key factors pushing prices.
IEX spot prices ease
Electricity prices on IEX averaged INR 3.72/unit during 18-24 January 2026, down from INR 4.08/unit in the previous week.
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