Market for Ferro Alloys was unclear even
after MOIL announced a 12-15% price hike in manganese ore prices in the first
week of June. Rather, prices corrected at few mandis' signaling
for the buying interest to be low.
* Raipur: Silico Manganese 60/15 is quoted at around Rs 55,000/MT,
i.e. down by Rs 500/MT from the previous week. Similarly, Silico manganese
(03-12) is quoted at Rs 52,000/MT & (0-20) Zigging or crushed material is
quoted at Rs 49,000/MT, (Basic Prices).
* Odisha: Silico Manganese
60/15 continues traded at Rs 55,000/MT, i.e. same as the previous week.
“Prices remain unchanged for now. However, we are expecting to see some
improvement in July”, remarked a manufacturer in Odisha.
* Durgapur: Silico
Manganese 60/14 in the domestic market trades at around Rs 55,000- 56,000/MT.
For exports, 65/15 is quoted at around $1100-1120/MT FOB Vizag & Ferro
Manganese HC 70-75% is quoted at $1080-1100/MT FOB Vizag. “There is
shortage of material and slight improvement is seen in quotes for exports.
However, it is due to the Dollar realization and not actual improvement in
demand”, said a manufacturer in Durgapur.
* Vizag: Silico Manganese 60/14 in domestic market is quoted at Rs
55,000/MT. Whereas, 65/16 in International market is quoted at around Rs 63,500/MT
(Ex Plant Vizag). “Silico Manganese prices have corrected in the domestic
market even if MOIL hiked its prices as there is availability of raw material i.e. Manganese ore
but buying interest is low. However, manufacturers are not willing to cut
offers further as production level remains low owing to the power crisis”,
said a manufacturer in Vizag.
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