Ferro Silicon market was quiet this week, with sources continuing to cite a thinly traded market and suggesting that the low trading volume has prevented any movement in prices
There is a severe liquidity shortage and this has resulted in a sharp fall in demand post demonetization.
Ferro Silicon Prices in Bhutan remains unchanged in the market on moderate demand as buyers are looking to procure hand-to-mouth basis. Current offers for grade 70-75 are balanced at INR 65,000 /MT (Ex-Bhutan).
In line with steady prices in Bhutan, Ferro Silicon producers in India also keep their prices unchanged. Ferro Silicon grade 70-75 is being offered around INR 63,000/MT (Ex-Guwahati).
Ferro Silicon producers also expressed their concerns regarding raw material procurement which was mainly done in cash basis.
The Ferro Silicon market in India could run shakily in the absence of any significant demand returning.
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