- Weak demand and surplus supply pressure alloys
- Ferro silicon stable amid Bhutan offer anticipation
Silico manganese prices fall to a one-month low
Indian silico manganese (60-14) prices continue to fall by INR 2,275/t ($24/t) w-o-w to INR 78,200-78,600/t ($824-828/t) across key markets. Prices declined due to weak steel demand, sluggish exports, and surplus domestic supply, as reduced export opportunities diverted material into local markets, intensifying downward pressure across key hubs.
Meanwhile, HC 65-16 silico manganese export prices decreased by $14/t to $923/t FOB Vizag/Haldia.
Ferro manganese prices continue to decline on need-based buying
Indian ferro manganese (70%) prices continue to fall w-o-w by INR 1,300/t ($14/t) to INR 81,700/t ($861/t) in Raipur and by INR 1,100/t ($12/t) to INR 81,700/t ($861/t) in Durgapur. Prices fell due to weak demand, need-based buying, ample supply, and limited trader activity, leading to continued downward pressure across key markets like Raipur and Durgapur.
Meanwhile, export prices for the 75% grade dipped by $20/t w-o-w to $925/t FOB Vizag/Haldia.
Imported manganese ore prices drop w-o-w
Imported manganese ore prices dropped w-o-w. Australian Mn46% was at $6.5/dmtu, down by $0.06/dmtu, Gabonese Mn44% prices stood at $6.1/dmtu, down by $0.04/dmtu, and South African Mn37% stood at $5.37/dmtu, down by $0.15/dmtu w-o-w.
Ferro chrome prices remain firm w-o-w
Indian high-carbon ferro chrome (HC 60%, Si 4%) prices were at INR 118,000/t ($1,244/t),unchanged w-o-w ex-works Jajpur. Prices were supported by stable offers from sellers and routine trading activity.
Additionally, Tsingshan has lifted its ferro chrome tender price by RMB 100/t ($15/t) m-o-m to RMB 8,495/t ($1,243/t) DAP, including taxes, for May’26 deliveries. The increase appears to be driven mainly by elevated chrome ore costs and firm producer offers, even as weak downstream demand and cautious market sentiment continue.
Ferro silicon prices remain mostly stable as market awaits Bhutan’s May’26 offers
Indian ferro silicon (Si 70%) prices remained flat w-o-w at INR 107,500/t ($1,133/t) ex-works Guwahati, while Bhutan prices held steady at INR 107,500/t ($1,133/t), corrected slightly by INR 500/t ($5/t). Prices remained stable as underlying market fundamentals showed no significant change, with most participants staying on the sidelines in anticipation of May offers from Bhutan.
Noble alloys prices reflect mixed trends w-o-w
Indian ferro molybdenum prices rose sharply by INR 105,000/t ($11,000/t) w-o-w to INR 3,755,000/t ($39,577/t) ex-works. Prices increased, as demand was strong across both domestic and global markets, especially in China.
Indian ferro vanadium prices declined by INR 17,000/t ($180/t) w-o-w to INR 1,400,000/t ($14,812/t) ex-works Raipur, amid weak buying interest and softening global cues.
Indian ferro titanium (Ti:70%, 1050 mm) prices remained unchanged w-o-w at INR 333,000/t ($3,541/t) exw. Sellers maintained firm offers amid regular supplies and with consistent end-user demand, prices remained stable.
IEX spot prices drop w-o-w
Electricity prices on the Indian Energy Exchange (IEX) averaged INR 5.603/unit during 26 April-2 May 2026, down from INR 6.49/unit in the previous week.
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