The ferro silicon market is in a wait-and-see mode, as sellers continued to keeps prices unchanged for almost M-o-M.
Ferro silicon prices in Bhutan continue to remain unchanged on steady demand and the market is witnessing some supply tightness. SteelMint weekly assessment for ferro silicon (grade 70-75) is at INR 65,000/MT (Ex-Bhutan).
A Bhutan based producer stated, “Although demand, meanwhile, continues to hold stable and expectations are that the prices would increase in the coming months as supply is restricted.”
Domestic Ferro Silicon Holds Steady on Stable Offers
In line with steady prices in Bhutan, Ferro Silicon producers in India also keep their prices firm.
Shortage of material in the Indian market has led to rigidity in price levels. SteelMint weekly assessment for ferro silicon (grade 70-75) is at INR 63,000/MT (Ex-Guwahati).
Sources in the market continue to suggest that prices to be stable in the market and believe that the market condition is unlikely to change in the near future, despite talks of limited supply still continues.
Exchange Rate: USD 1 = INR 67.5
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