India: Silico manganese export offers find support on improved buying inquiries

• Cautious buyer activity sustains price stability
• Eramet, Jupiter and south 32 raises offers for Feb’26 deliveries

Indian silico manganese export prices remained largely unchanged during the week, with minimal port-side activity, few major bulk inquiries, and no significant high-priced deals, which contributed to the slight firming of prices.

BigMint’s assessment on 12 January 2026 reveals silico manganese export prices remained largely steady w-o-w across grades. The 65-16 variant stood at $910/t FOB, up by $2/t w-o-w from $908/t FOB on 05 January, while the 60-14 grade was assessed at $811/t FOB, unchanged w-o-w.

Market overview

Export inquiries show modest activity, prices remain stable: Market sentiment remained steady during the week as export inquiries saw only a gradual uptick, mainly from Southeast Asia and parts of the Middle East. This kept Indian silico manganese export prices stable, with sellers maintaining existing offers across grades.

Global miners lift manganese ore offers: Eramet Comilog set Feb’26 shipments at $4.90/dmtu CIF China for Mn44.5% lumps and $4.70/dmtu for Mn43% chips, both up $0.20/dmtu m-o-m. Jupiter Mines’ Feb’26 Mn36.5% semi-carbonate lumps rose $0.17/dmtu to $4.32/dmtu, while South32 increased Feb’26 Mn37% material to $4.40/dmtu. Despite these successive increases in global ore offers, Indian silico manganese export prices remained largely stable.

Chinese silico manganese prices rise on rising input costs: Prices of (Mn 65%, Si 17%) edged higher by RMB 70/t ($10/t) w-o-w to RMB 5,730-6,000/t ($821-860/t) ex-works, inclusive of taxes.
The modest increase was underpinned by rising raw material costs and policy-induced supply restrictions, which offset seasonal demand softness. These factors helped limit price volatility, keeping the market range-bound amid cautious buying sentiment.

Outlook

Indian silico manganese export prices may experience near-term fluctuations due to largely need-based overseas demand. However, higher imported manganese ore costs and substantial bulk bookings may support the prices.