- Manganese alloy prices decline on cautious buyer sentiment
- Ferro chrome prices stable after recent auctions
Silico manganese prices continue to decline by INR 1,025/t ($11/t) to INR 81,900-82,300/t ($866-859/t) across key regions, while export offers for 65-16 grades fell by $6/t to $983/t FOB Vizag/Haldia.
Weak demand and uncertainty in downstream markets continued to dampen buying interest. Buyers remained cautious about fresh purchases amid uncertainty over near-term price movements, keeping trading activity limited and prompting sellers to face greater resistance to their offers. With demand showing no significant signs of recovery, prices may remain under downward pressure in the near term.
Ferro manganese prices remain mostly stable
Ferro manganese prices were mostly stable with slight down by INR 100/t ($1/t) w-o-w to INR 89,700/t ($936/t) exw Durgapur, while Raipur stayed unchanged to INR 89,800/t ($938/t).Prices were largely stable supported by sellers’ reluctance to lower offers, limiting downward movement despite subdued buying interest.
Manganese ore prices remain flat w-o-w
Imported manganese ore prices remained unchanged w-o-w. Australian Mn46% was assessed at $5.38/dmtu, while Gabonese Mn44% stood at $5.02/dmtu, and South African Mn37% at $4.65/dmtu, unchanged w-o-w.
Ferro chrome prices stable w-o-w
Ferro chrome prices remained unchanged at INR 120,000/t ($1,253/t).With OMCs chrome ore and Vedanta FACORs ferro chrome auction concluded on 22 October, not much of activity was reported in market last week.
At the OMC’s chrome ore auction, almost entire volume of 95,300 t was booked out of 100,000 t offered. Bid prices increased by 1-7% (INR 100-1,627/t) m-o-m for most grades, while a few grades recorded declines of 0.04-8% (INR 13-1,887/t). The mixed price movement indicates varying buying interest across grades, although the overall booking level remained high.
Ferro silicon prices increase w-o-w
Ferro silicon prices edged up by INR 7,00/t ($7/t) w-o-w to INR 96,700/t ($1,010/t) in Guwahati, while Bhutan prices also gained by INR 300/t ($3/t) at 96,000/t ($1,002/t). Prices continue to drew support from limited availability in the Northeast and sustained offer levels from Bhutanese suppliers.
Noble alloy prices show mixed trends w-o-w
Indian ferro molybdenum prices were largely stable with slight decline by INR 4,000 ($42/t) w-o-w at INR 4,413,000/t ($46,000/t) ex-works. Prices held broadly steady despite bearish global sentiment, as stable imported molybdenum oxide costs provided some support. However, limited trading activity and cautious buying kept the market subdued.
India’s ferro titanium prices remained stable at INR 370,000/t ($3,903/t) exw-India, supported by balanced supply and demand. However, elevated freight costs continue to create challenges in raw material availability, with some market participants expecting these constraints to persist in the coming weeks.
Indian ferro vanadium (FeV 50%) prices edged up w-o-w to INR 1,275,000/t ($13,311/t) on 21 October 2026. The increase came amid conflicting market signals, as supply concerns in China offered potential price support while subdued steel-mill buying and falling vanadium pentoxide prices pointed to limited upside.
IEX: Spot prices drop w-o-w
Electricity prices on the Indian Energy Exchange (IEX) averaged INR 6.94/unit during 18-24 October 2026, down from INR 7.82/unit in the previous week.
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