- Elevated raw material costs support prices
- Sellers resist discounts amid strong trading
India’s medium-carbon silico manganese prices rose by INR 550/t w-o-w to INR 88,350/t ex-works Durgapur on 12 June 2026. Strong trading activity, with 7,090 t booked this week compared to around 370 t in the previous week, firm seller offers, and elevated production costs supported positive market sentiment.
Market updates
High ore costs support prices: Medium-carbon silico manganese prices remained supported by elevated raw material costs, as producers continued to consume imported manganese ore procured at significantly higher prices in March. Australian high-grade ore (Mn 46%) increased to $5.94/dmtu CNF Haldia/Vizag, while Gabonese high-grade ore (Mn 44%) rose to $5.56/dmtu in March. The higher input costs raised production expenses, restricting producers’ ability to reduce offers and establishing a firm cost floor for the market.
Sellers resist discounts amid strong trades: From the sellers’ perspective, healthy booking volumes and firm inquiry levels strengthened confidence in maintaining higher offers. Most producers resisted selling at lower prices due to elevated production costs and improving market liquidity. Offers were heard at INR 88,000-88,900/t, while bulk transactions totalling around 7,090 t (against N t last week) were concluded at INR 88,000-88,200/t. The combination of steady demand and seller discipline helped support the recent price increase.
Outlook
Medium-carbon silico manganese prices are expected to remain stable to slightly higher next week, supported by elevated ore costs, firm seller offers, and steady buying interest, although aggressive gains may remain limited.
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