- Producers resist lower bids despite muted market activity
- Buyer-seller price gap limits fresh trade volumes
India’s medium-carbon silico manganese prices increased by INR 600/t ($6/t) w-o-w to INR 89,000/t ($943/t) ex-works Durgapur on 25 June 2026. Offers this week were in between INR 88,800-89,500/t ($940-$948/t).
Prices increased w-o-w as producers maintained firmer offer levels despite limited market activity. The absence of concluded trades did little to weaken sentiment, with sellers resisting lower bids amid expectations of improved market conditions.
Factors affecting prices
Producers resist lower bids despite muted trading
Producers maintained firm offer prices and refrained from accepting lower bids, citing elevated production costs and expectations of better market realizations. Although buying interest remained subdued and no major trades were concluded during the week, sellers showed little urgency to liquidate inventories, preventing prices from coming under pressure.
Buyer-seller standoff limits market activity
Market activity remained largely stagnant as buyers resisted higher offers while producers refused to reduce prices. According to Raipur-based sellers, enquiries were limited and negotiations failed to translate into transactions because the gap between buyer expectations and seller quotations remained wide. This stalemate kept assessed prices higher on a quoted basis.
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