- Manganese alloy market remains under selling pressure
- Healthy auction supports ferro chrome market sentiment
Silico manganese prices extend weekly decline on soft demand
Indian silico manganese (60-14) prices dropped by INR 850/t ($9/t) w-o-w to INR 74,100-74,700/t ($770-776/t) across key markets. Prices remained under pressure, extending their downtrend as weak procurement by domestic steel mills and sluggish finished steel demand weighed on sentiment. Comfortable alloy inventories, ample spot availability and resistance to higher offers kept transaction activity subdued and limited producers’ pricing power.
Meanwhile, HC 65-16 silico manganese export prices edged down by $4/t to $914/t FOB Vizag/Haldia.
Ferro manganese prices remain largely stable on market cautiousness
Indian ferro manganese (70%) prices remained largely steady with slight decline w-o-w by INR 200/t ($2/t) to INR 78,300/t ($814/t) in Raipur and by INR 200/t ($4/t) to INR 78,200/t ($813/t) in Durgapur. Prices eased marginally as buyers restricted purchases to immediate requirements and resisted higher offers, prompting suppliers to make minor price adjustments to conclude deals.
Meanwhile, export prices for the 75% grade also dipped by $6/t w-o-w to $920/t FOB Vizag/Haldia.
Imported manganese ore prices continue to decline w-o-w
Imported manganese ore prices declined w-o-w. Australian Mn46% was at $5.35/dmtu, down by $0.1/dmtu w-o-w, Gabonese Mn44% prices stood at $5.1/dmtu, down by $0.07/dmtu, and South African Mn37% stood at $4.6/dmtu, down by $0.01/t w-o-w.
Ferro chrome prices remain largely stable w-o-w
Indian high-carbon ferro chrome (HC 60%, Si: 4%) prices remained broadly stable, edging down by INR 300/t ($3/t) w-o-w to INR 122,500/t ($1,273/t) exw-Jajpur. India’s ferro chrome market remained under pressure as ample domestic availability continued to outpace subdued demand from stainless steel producers. Improved supply across key producing regions intensified competition among sellers, weighing on overall market sentiment.
Additionally, Vedanta-FACOR’s ferro chrome auction on 15 July witnessed strong participation, with the larger lot (Cr: 58% min) closing at INR 121,400/t ($1,255/t) exw, up INR 600/t over the base price, while the smaller lot fetched INR 122,900/t ($1,277/t) exw, up INR 1,600/t. The entire offered volume was booked, reflecting healthy buying interest.
Ferro silicon prices slide inch up w-o-w amid limited material availability
India ferro silicon (Si 70%) prices edged up by INR 500/t ($5/t) w-o-w to INR 88,500/t ($920/t) ex-works Guwahati, while Bhutan prices also rose by INR 400/t ($4/t) to INR 89,100/t ($926/t).Prices edged up slightly due to limited material availability, supported by healthy domestic demand and improved export enquiries, enabling producers to maintain firmer offers despite stable production levels.
Noble alloys prices reflect mixed trends w-o-w
India ferro molybdenum prices edged up by INR 10,000/t ($104/t) w-o-w to INR 4,155,000/t ($43,170/t) ex-works. The market remained balanced, underpinned by stable input costs and firm offers, although cautious downstream purchasing limited trading activity.
Indian ferro vanadium prices remained largely, inching up by INR 7,000/t ($73/t) w-o-w to INR 1,347,000/t ($13,995/t) exw-Raipur. Balanced demand, adequate material availability, and a wait-and-watch approach among market participants kept price movements limited.
Indian ferro titanium prices eased by INR 7,800/t ($81/t) w-o-w to INR 367,800/t ($3,821/t) exw-India. However, stable demand and firm offers from suppliers helped cushion the decline, keeping overall market sentiment supported.
IEX spot prices increase w-o-w
Electricity prices on the Indian Energy Exchange (IEX) averaged INR 6.08/unit during 12-18 July 2026, up from INR 3.45/unit in the previous week.
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