Indian Ferro Silicon prices are stable in a bearish market. Sellers are under pressure due to persistent low demand and few producers are lowering the prices to entice buyers. Although, producers have kept the export offers unchanged but they are not getting any inquiries from overseas.
Ferro Silicon prices in the first week of June at INR 70,000/MT for Ex-Guwahati. Producers in Bhutan are offering Ferro Silicon at around INR69,000/MT. In the export market, prices remained unchanged and stood at USD 1160/MT FOB Kolkata. Prices in the domestic market fell consistently owing to the low demand.
On the future outlook, producers feel that it is highly unlikely that the prices may fall further than this and may continue at such levels for now. Most market participants believe that the prices may redeem only after the Stainless Steel market starts going into the upward direction and prices for other Ferro Alloys also picks up.
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