- Manganese alloy prices extend decline amid weak downstream trade activity
- Ferro silicon prices dip post Bhutan’s May’26 offer announcement
Silico manganese prices near to a two-month low
Indian silico manganese (60-14) prices continue to fall by INR 1,950/t ($24/t) w-o-w to INR 75,800-76,800/t ($824-828/t) across key markets. Prices declined amid weak demand, subdued trade activity, lower ore costs, and cautious need-based procurement sentiment.
Meanwhile, HC 65-16 silico manganese export prices inched down by $4/t to $919/t FOB Vizag/Haldia.
Ferro manganese prices continue to decline on subdued demand
Indian ferro manganese (70%) prices continue to decline w-o-w by INR 1,800/t ($19/t) to INR 79,900/t ($845/t) in Raipur and by INR 1,700/t ($18/t) to INR 80,000/t ($846/t) in Durgapur. Prices declined amid persistently weak demand conditions, as buyers maintained cautious procurement strategies and limited purchases to immediate requirements only.
Meanwhile, export prices for the 75% grade fell by $15/t w-o-w to $910/t FOB Vizag/Haldia.
Imported manganese ore prices inch down w-o-w
Imported manganese ore prices remained largely staedy w-o-w. Australian Mn46% was at $6.45/dmtu, down by $0.05/dmtu, Gabonese Mn44% prices stood at $6/dmtu, down by $0.01/dmtu, and South African Mn37% stood at $5.37/dmtu, unchanged w-o-w.
Meanwhile, Eramet also lowered its manganese ore (Mn:43% & 44.5%) for Jun’26 by $0.3/dmtu.
Ferro chrome prices edged up w-o-w
India high-carbon ferro chrome (HC 60%, Si 4%) prices increased by INR 600/t ($6/t) w-o-w to INR 118,600/t ($1,255/t) ex-works Jajpur. Sellers maintained stable offer levels amid cautious domestic procurement, while firm export demand continued to support the market. However, despite the recent rise in stainless steel prices, ferro chrome gains remained limited due to subdued end-user demand.
Ferro silicon prices decrease post Bhutans’ May’26 offers
India ferro silicon (Si 70%) prices declined by INR 1,500/t ($16/t) w-o-w to INR 106,000/t ($1,122/t) ex-works Guwahati, while Bhutan prices also fell by INR 2,000/t ($21/t) to INR 105,500/t ($1,116/t). The decline followed Bhutan’s monthly offer announcement at INR 106,000/t ($1,122/t) ex-works, which established a market benchmark and prompted suppliers across Bhutan and Northeast India to revise quotations downward accordingly.
Noble alloys prices increase w-o-w
India ferro molybdenum prices increased by INR 96,000/t ($10,156/t) w-o-w to INR 3,851,000/t ($40,744/t) ex-works, supported by rising imported molybdenum oxide prices and continued tight oxide availability, which encouraged sellers to raise offer levels.
Indian ferro vanadium prices increased by INR 36,000/t ($378/t) w-o-w to INR 1,436,000/t ($15,064/t) ex-works Raipur on 6 May 2026. The increase was driven by a recently concluded deal at an elevated level, reflecting improved market sentiment and stronger pricing traction.
India ferro titanium (Ti:70%, 10–50 mm) prices rose by INR 11,000/t ($116/t) w-o-w to INR 344,000/t ($3,640/t) ex-works, driven by higher raw material costs, tightening domestic supply, and steady need-based buying activity.
IEX spot prices decline w-o-w
Electricity prices on the Indian Energy Exchange (IEX) averaged INR 3.439/unit during 3 May-9 May 2026, down from INR 5.603/unit in the previous week.
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