Indian silicomanganese market has improved slightly these days with price and demand slightly increasing. More consumers start to take position, which also helps the price to hold. Players expect that price will hold or go up due to the low operation rate and high production cost.
An Indian producer with current output of 2,000tpm of silicomanganese 60/14 states that the price for the material keeps at INR49,000-50,000/t (USD995-1,015/t) ex works this week, no change compared with that of last week, and he got more deals concluded in recent two weeks.
The source expressed that the demand is slightly increasing from local market.Although the price is still low for them to make profit, he can move his materials.
Leave a Reply