- Manganese alloys edge lower on need-based purchases
- Ferro silicon drops as demand remains under pressure
Indian ferro alloys prices either fell or remained stable w-o-w in the week ended 4 July 2026, driven by slow trade and limited inquiries.
Silico manganese prices slide w-o-w on softer demand
Indian silico manganese (60-14) prices edged down by INR 475/t ($5/t) w-o-w to INR 75,800-76,300/t ($803-808/t) across key markets. Prices edged down due to weak buying interest and slow trade activity. Steel mills continued need-based procurement, while sufficient material availability forced some producers to adjust offers to attract bookings.
Meanwhile, HC 65-16 silico manganese export prices edged up by $1/t to $924/t FOB Vizag/Haldia.
Additionally, state-owned MOIL Limited has revised its manganese ore prices, effective 1 July 2026. Prices of ferro-grade ores containing more than 44% Mn have been reduced by 5%, while ferro grades with Mn content below 44% have also witnessed a 5% price cut. In the SMGR category, prices of 30% Mn, 25% Mn, fines, and chemical-grade ores have been lowered in the range of 5-10%.
Ferro manganese prices edge down on need-based purchases
Indian ferro manganese (70%) prices inched down w-o-w by INR 200/t ($2/t) to INR 79,000/t ($837/t) in Raipur and by INR 500/t ($5/t) to INR 78,800/t ($834/t) in Durgapur. Prices edged lower as limited buying interest and need-based procurement from steel mills pressured offers, while sufficient availability kept market sentiment subdued.
However, export prices for the 75% grade remained flat w-o-w to $930/t FOB Vizag/Haldia.
Imported manganese ore prices continue to slide w-o-w
Imported manganese ore prices declined w-o-w. Australian Mn46% was at $5.6/dmtu, down by $0.08/dmtu w-o-w, Gabonese Mn44% prices stood at $5.3/dmtu, down by $0.1/dmtu, and South African Mn37% stood at $4.65/dmtu, down by $0.03/t w-o-w.
Ferro chrome prices remain flat w-o-w on market stagnancy
India high-carbon ferro chrome (HC 60%, Si 4%) prices remained unchanged w-o-w at INR 123,200/t ($1,305/t) ex-works Jajpur. Prices remained unchanged amid limited market movement and subdued inquiries during the week. Spot transactions stayed low as major buyers had already covered their requirements through earlier bookings, while thin trading activity gave sellers little reason to adjust offers.
Ferro silicon prices decline on softer purchases
India ferro silicon (Si 70%) prices dropped by INR 2,000/t ($21/t) w-o-w to INR 89,500/t ($948/t) ex-works Guwahati, while Bhutan prices also fell by INR 2,300/t ($24/t) to INR 89,700/t ($950/t). Prices continued to decline last week as weak demand and competitive offers weighed on market sentiment. Buyers remained cautious amid expectations of further corrections, while sellers lowered offers to sustain sales and maintain plant operations.
Meanwhile, Bhutan’s July offers opened at around INR 90,000/t, keeping market participants watchful of near-term price movements.
Noble alloys prices reflect mixed trends w-o-w
India ferro molybdenum prices rose by INR 62,000/t ($657/t) w-o-w to INR 4,037,000/t ($42,000/t) ex-works. Prices remained supported by firm imported molybdenum oxide costs, while moderate market activity and steady demand from stainless steel and alloy steel producers provided additional support.
Indian ferro vanadium prices continued to decline w-o-w, dropping by INR 22,500/t ($238/t) w-o-w to INR 1,329,000/t ($14,074/t) exw-Raipur, amid subdued buying from special steel mills and adequate material availability.
Indian ferro titanium prices rose by INR 3,000/t ($32/t) w-o-w to INR 374,000/t ($3,961/t) exw-India, driven by firm supplier offers. However, limited spot activity and need-based buying from steel mills kept overall market sentiment cautious.
IEX spot prices edge down w-o-w
Electricity prices on the Indian Energy Exchange (IEX) averaged INR 5.25/unit during 28 June – 4 July 2026, down from INR 5.54/unit in the previous week.
Trade
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