- Stable input costs support producer margins
- 65-16 grade sees active buyer interest
Indian silico manganese export prices have held steady on a w-o-w basis, supported by consistent demand from key overseas markets, particularly in Southeast Asia, the Middle East, and parts of Europe.
BigMint assessed 65-16 silico manganese export prices at $918/t FOB on 10 June 2025, edged down by $2/t w-o-w. Meanwhile, the 60-14 grade remained unchanged at $842/t FOB, w-o-w.
Market overview
Healthy booking levels support stability: Indian exporters witnessed steady order flows, supported by stable input costs and manageable domestic logistics. Competitive freight rates and a relatively stable rupee have also played a role in sustaining margins. With no significant supply disruptions, producers are fulfilling contracts on time, further strengthening buyer confidence in Indian silico manganese as a preferred source.
“While a few buyers remain hesitant to accept the current price levels, sellers continue to hold firm on their offers. Looking ahead, prices may witness a correction due to the onset of the monsoon season”, sources informed BigMint.
Additionally, around 1,230 t of 65-16 grade silico manganese were booked, while no deals were reported for 60-14 grade.
China’s Silico manganese prices remain stable: Chinese silico manganese (Mn: 65%, Si: 17%) prices inch down slightly by RMB 230/t ($32/t)w-o-w at RMB 5,450-5,720/t ($758-$796/t) exw, including taxes. Prices hold steady despite supply challenges and uncertain demand. South African port strikes raise ore premiums, while production limits in Inner Mongolia restrict output. Rising energy costs squeeze smelting margins. Exporters face increased costs due to carbon tariffs, keeping the market outlook cautious.
Input costs and market fundamentals remain stable: Prices of manganese ore, key to silico manganese production have remained largely stable, supporting consistent production costs. Additionally, minimal fluctuations in domestic transport and port operations have ensured smooth export flows. With no major shocks in raw material pricing, producers are not facing cost pressures that could either inflate or compress export price margins in the short term.
Global buyers prefer Indian material: Compared to supplies from African and CIS nations, Indian silico manganese continues to gain preference due to consistent quality and prompt shipments. Some alternate origins have faced mild disruptions, making Indian producers more attractive. This buyer preference, combined with India’s logistical efficiency, has helped preserve price levels despite global steel sector moderation in certain regions.
Outlook
Prices are likely to remain stable near-term, with balanced demand and supply. Any changes in raw material costs or global steel output could shift market dynamics modestly.
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