Ferro Manganese prices in Raipur move up by Rs 1000/MT. FeMn
HC 70% is being quoted at Rs 52,000/MT. (Basic Price), i.e. up from the quotes
seen in the last week of November at Rs 51,000/MT.
According to a top official from a major manufacturing
company for manganese alloys in Raipur, “Prices have moved up by Rs 1000/MT and
we are expecting to see some more improvement in the near term. But demand is
not up to the requirement.â€Â
“Market in recent past was flooded with low offers from
traders. But now, stocks with traders are over and buyers are slowing accepting
the offers made by manufacturers. Market should pick up graduallyâ€Â, he added.
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