- Limited stocks with key smelters boost domestic prices
- Firm raw material costs, stable steel demand support tags
Indian silico manganese prices inched up this week as the domestic market continued to face a tight supply scenario. Key producers, particularly in Raipur, Durgapur, and Vizag, remained occupied with bulk bookings and long-term orders, limiting fresh offers in the spot market.
As per BigMint’s assessment on 07 October 2025, domestic prices of silico manganese (60-14 grade) witnessed an upward trend across key Indian regions. In Raipur, prices reached INR 70,700/t ($797/t) exw, reflecting a w-o-w increase of INR 800/t ($9/t). Prices have risen close to a two-month high, with similar price levels last seen in mid-August, as per data maintained with BigMint.
Durgapur followed, with rates assessed at INR 70,800/t ($798/t), up by INR 1,100/t ($12/t). Prices in Vizag also edged higher by INR 600/t ($7/t) to INR 70,100/t ($790/t). Meanwhile, Raigarh recorded the sharpest rise of INR 800/t ($9/t) to INR 69,800/t ($786/t) ex-works.
The premium 60-15 grade was up slightly w-o-w, trading between INR 71,800-72,500/t ($809-817/t). Meanwhile, in Raipur, trade activity picked up modestly, with weekly volumes rising to around 2,400 t, up by 300 t from the previous week’s 2,100 t, reflecting improved offtake and stable demand from alloy consumers.
Confirmed deals (as per BigMint)
Market overview
Limited spot availability lifts domestic prices: Domestic mills continued to face tightening silico manganese availability in the spot market, amid limited stocks with key smelters. Traders offering material at discounted prices reportedly held limited inventories, further restricting supply. As a result, buyers were compelled to accept higher prices, while most smelters remained occupied with completing existing bulk commitments.
Meanwhile, export inquiries from Southeast Asian buyers picked up notably, strengthening overall market sentiment. Exporters also received improved bids compared with the previous week. Producers additionally noted that firm raw material costs and stable steel demand provided further support to prices, suggesting that the uptrend could persist in the near term.
One of the key producers from Raipur informed BigMint that the silico manganese market is likely to recover soon, supported by fresh restocking orders from domestic buyers and renewed export inquiries from overseas customers aiming to secure material ahead of the Christmas holiday period. The producer also highlighted that raw material prices are showing a slight upward trend, which could further support alloy prices in the near term.
Export prices edge up amid cost pressure, demand support: Prices inched up this week, supported by rising inquiries from overseas buyers and a few deals concluded at higher levels, signalling improving sentiment. The recent uptick in domestic prices and firm raw material costs further strengthened export offers.
Key smelters in Raipur, Durgapur, and Vizag remain booked until mid-November through bulk orders, tightening supply. As per BigMint, 65-16 grade prices rose by $12/t w-o-w to $916/t FOB, while the 60-14 grade gained $3/t to $820/t FOB. Imported ore prices stayed largely stable, though recent increases continue to pressure producers’ margins.
Outlook
Domestic silico manganese prices are expected to remain firm in the near term as supply tightness persists and export demand stays active ahead of the Christmas holiday period. Producers are focused on completing existing orders, while raw material costs show a mild upward trend, supporting prices.
However, any significant movement will depend on steel mill restocking and downstream steel demand. Overall, market sentiment remains positive, with participants expecting prices to hold steady until fresh supplies reach the market later this month.
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