- Prices recover in Raipur as supply glut alleviates
- Rising imported Mn ore tags support SiMn prices
India’s silico manganese prices remained largely stable w-o-w, despite growing concerns over limited material availability. Key smelters began addressing the supply surplus by strategically reducing production levels, which resulted in a price recovery in a few regions.
Domestic prices of 60-14 grade silico manganese were largely stable w-o-w, with slight fluctuations in key regions, according to BigMint’s assessment on 17 June 2025. Price tags, exw-Raipur, were at around INR 71,800/tonne (t) ($830/t), up by INR 200/t ($2/t) w-o-w, while Durgapur and Vizag observed a slight decline of INR 100/t to INR 71,000-71,600/t ($820-827/t) exw.
The premium 60-15 grade remained stable w-o-w at around INR 73,000-73,800/t ($844-$853/t). Deals for around 2,700 t of the 60-14 grade were concluded in Raipur over 11-17 June, slightly up by 700 t from last week.
Confirmed deals (as per BigMint)
Market overview
Strategic production cuts keep prices stable: Domestic silico manganese prices remained range-bound w-o-w, as key smelters strategically reduced surplus supply. With the export market witnessing a lack of bulk bookings, smelters across regions cut production volumes by 30-40% to stabilise domestic prices and safeguard profit margins.
Additionally, a slight uptick of $0.01-0.02/dry metric tonne unit (dmtu) in imported manganese ore (Mn 37-46%) prices lent support to the domestic market. Compounding this, the limited availability of high-grade domestic manganese ore, especially variants above Mn 44%, due to monsoon-driven transport disruptions, added upward pressure. These combined factors helped maintain price stability in the domestic market.
Steel market slowdown curtails SiMn price rise: According to BigMint, billet prices in Raipur dropped by INR 500/t ($5/t) w-o-w to INR 37,800/t exw ($437/t). This decline reflects weakened demand across both semi-finished and finished steel segments, as buyers paused fresh purchases after fulfilling immediate requirements. The lack of active steel buying interest eroded the potential for upward movement in silico manganese prices.
Outlook
Domestic silico manganese prices may witness a slight upward recovery in the near term, driven by strategic production cuts by smelters and a rise in imported manganese ore prices. These factors are expected to lend support to the market. However, the overall price trajectory will remain sensitive to fluctuations in both domestic and overseas demand, which could influence the pace and extent of any recovery.
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