Ferro Silicon prices regained ground as limited availability coupled with demand from end-users that have run down inventories lent support and firmed trade levels.
On account of increased demand and low production in India, Ferro Silicon producers in Bhutan continued to offer at stronger levels as they were confident of finding buyers. Although prices seemed to level out last week, sources believed that an increase in inquiries for the Alloy this week has triggered the slight increase in the mainstream price for Ferro Silicon.
Ferro Silicon (grade70-75) is being offered in the range of INR 64,000-65,000 /MT (Ex-Bhutan). In line with steady prices in Bhutan, Ferro Silicon producers in India also raise their prices accordingly. Ferro Silicon grade 70-75 is being offered at around INR 62,000-63,000/MT (Ex-Guwahati).
On future trend, demand is expected to be intact and as less production is expected during the winter months, and supply could be tight although this is unlikely to lead to shortages and future price trend would be influenced largely by demand in India.
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