- Manganese alloys extend decline on weak demand
- Ferro chrome prices rise on restocking activity
Silico manganese prices continue to remain under pressure w-o-w
Indian silico manganese (60-14) prices continue to fall by INR 1,050($11/t) w-o-w to INR 73,800-74,600/t ($771-780/t) across key markets. The market stayed subdued during the week as weaker steel prices and constrained liquidity reduced buying interest, prompting buyers to avoid large-volume deals. Meanwhile, smelters kept offers mostly stable within a limited range despite continued weak sentiment.
Meanwhile, HC 65-16 silico manganese export prices down by $29/t to $883/t FOB Vizag/Haldia.
Ferro manganese prices edge down on need based procurements
Indian ferro manganese (70%) prices dipped w-o-w by INR 1,100/t ($11/t) to INR 76,800/t ($803/t) in Raipur and decreased by INR 900/t ($9/t) to INR 77,000/t ($805/t) in Durgapur. Ferro manganese prices declined due to limited bulk enquiries, slow market activity, and suppliers lowering offers to encourage transactions.
Meanwhile, export prices for the 75% grade declined by $26/t w-o-w to $874/t FOB Vizag/Haldia.
Imported manganese ore prices down w-o-w
Imported manganese ore prices fell w-o-w. Australian Mn46% was at $6.24/dmtu, down by $0.07/dmtu, Gabonese Mn44% prices stood at $5.86/dmtu, down by $0.04/dmtu, and South African Mn37% stood at $4.96/dmtu, down by $0.27/t w-o-w.
Additionally, UMK raised Jun’26 manganese ore (Mn:36.5%) offers by $0.05/dmtu.
Ferro chrome prices edged up w-o-w
India high-carbon ferro chrome (HC 60%, Si 4%) prices inched up by INR 1,000/t ($10/t) w-o-w to INR 120,000/t ($1,247/t) ex-works Jajpur. Sentiment remained cautious as market participants awaited the outcome of major domestic auctions for clearer price direction.
At the Odisha Mining Corporation (OMC) chrome ore auction on 20 May, around 96,400 t was booked against 131,800 t offered. Bids and premiums across grades increased by up to 6%, supported by restocking ahead of the monsoon season, when chrome ore supply typically tightens.
Ferro silicon prices decline on muted market sentiments
India ferro silicon (Si 70%) prices fell by INR 1,700/t ($18/t) w-o-w to INR 103,800/t ($1,085/t) ex-works Guwahati, while Bhutan prices also went down by INR 1,600/t ($17/t) to INR 103,000/t ($1,076/t). Indian ferro silicon market sentiment weakened as suppliers offered bulk discounts, while limited buyer interest and completed bookings kept trading activity subdued.
Noble alloys prices show mixed trend w-o-w
India ferro molybdenum prices edged up by INR 21,000/t ($218/t) w-o-w to INR 4,121,000/t ($42,817/t) ex-works. Prices increased due to firm demand, higher end-user prices, and persistent tightness in raw material availability.
Indian ferro vanadium prices remained largely stable with a slight correction w-o-w of INR 3,000/t ($31/t) to INR 1,416,000/t ($14,769/t) ex-works Raipur on 20 May 2026, as subdued demand, stable vanadium pentoxide prices, and cautious producer offers kept market activity balanced.
Indian ferro titanium (Ti:70%, 10-50 mm) prices increased INR 10,000/t ($104/t) w-o-w to INR 360,000/t ($3,740/t) exw amid higher imported scrap costs due to rupee depreciation and tight spot supply. Steady steel sector demand and ongoing mill tenders continued to support market sentiment.
IEX spot prices edge up w-o-w
Electricity prices on the Indian Energy Exchange (IEX) averaged INR 5.902/unit during 17 May-23 May 2026, up from INR 5.026/unit in the previous week.
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