- Manganese alloys rise on improved buying sentiment
- Ferro silicon extends decline amid weak demand
Indian ferro alloys prices showed mixed trends in the week ended 13 June 2026.
Silico manganese prices climb up amid stronger demand
Indian silico manganese (60-14) prices increased by INR 750/t ($8/t) w-o-w to INR 75,200-76,000/t ($785-793/t) across key markets. Prices rose on stronger buying interest from traders and steel mills, while bulk deals concluded at higher levels improved market sentiment and supported upward price movement.
Meanwhile, HC 65-16 silico manganese export prices rose by $12/t to $918/t FOB Vizag/Haldia.
Ferro manganese prices rise w-o-w amid tight supply
Indian ferro manganese (70%) prices rose w-o-w by INR 600/t ($6/t) to INR 79,000/t ($825/t) in Raipur and by INR 700/t ($7/t) to INR 79,000/t ($825/t) in Durgapur. Prices increased as sellers resisted lower bids amid limited spot availability and firm production costs, prompting buyers to accept slightly higher transaction levels.
Meanwhile, export prices for the 75% grade also went up by $10/t w-o-w to $922/t FOB Vizag/Haldia.
Imported manganese ore prices slide w-o-w
Imported manganese ore prices declined w-o-w. Australian Mn46% was at $5.8/dmtu unchanged w-o-w, Gabonese Mn44% prices stood at $5.5/dmtu, down by $0.19/dmtu, and South African Mn37% stood at $4.75/dmtu, down by $0.03/t w-o-w.
Additionally, India has exempted imports of high-grade Australian manganese ore (46% Mn and above) from customs duty, while material containing less than 46% Mn continues to attract a 2.5% duty.
Ferro chrome prices remain mostly stable w-o-w on regular trades
India high-carbon ferro chrome (HC 60%, Si 4%) prices remained steady with a slight rise of INR 300/t ($3/t) w-o-w to INR 122,500/t ($1,279/t) ex-works Jajpur. Prices remained stable as steady export demand and balanced domestic buying were offset by firm seller offers, keeping prices range-bound.
Ferro silicon prices continue to slide on tepid demand
India ferro silicon (Si 70%) prices fell by INR 3,400/t ($36/t) w-o-w to INR 95,100/t ($993/t) ex-works Guwahati, while Bhutan prices also fell by INR 2,900/t ($30/t) to INR 95,700/t ($999/t). Prices fell as inquiries remained slow, and buyers delayed purchases, expecting further price drops. Material availability was also heard to be sufficient, with more inflows from Bhutan.
Noble alloys prices reflect mixed trends w-o-w
India ferro molybdenum prices dropped by INR 106,000/t ($1,107/t) w-o-w to INR 4,117,000/t ($42,981/t) ex-works. Prices declined due to ample market availability and comfortable inventories, while steady demand conditions limited buying urgency and exerted downward pressure.
Indian ferro vanadium prices remained stable w-o-w at INR 1,400,000/t ex-works Raipur on 10 June 2026, supported by disciplined production levels and output cuts by higher-cost producers, which helped offset subdued buying activity and maintain market balance.
India’s ferro titanium market strengthened during the week ended 11 June 2026, with prices rising by INR 10,000/t to INR 365,000/t ex-works, supported by steady demand from stainless, specialty, and alloy steel producers.
IEX spot prices edge down w-o-w
Electricity prices on the Indian Energy Exchange (IEX) averaged INR 4.6/unit during 07-13 June 2026, down from INR 4.907/unit in the previous week.
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