Indian Ferro Silicon prices moved down despite improving demand. Producers are cutting down prices to entice buyers. However, the demand remains scattered, a few producers are enjoying good demand whereas others are reducing prices and hence, the overall prices are getting affected.
Producers from Bhutan are offering Ferro Silicon at INR 69,000/MT Ex- Bhutan. Ferro Silicon prices Ex-Guwahati is at around INR 69,000/MT. In the export market, prices remained unchanged for Ferro Silicon (75%) at USD 1140/MT FOB Kolkata. However, the inquiries remained missing despite lowered prices of Ferro Silicon.
On the future outlook, producers remain pessimistic about any uptrend in the prices. Moreover, market participants believe that the prices may continue to be at such levels in the next week owing to high stock levels with producers.
Leave a Reply