Silico manganese prices increased today in line with pre-Diwali bookings. Market participants believe that this uptick will be absorbed in the market readily given the improving steel demand and the need to stock up silico manganese before the holidays. Current offers are at INR 59,000-59,500/t in Raipur, however, deals are mostly concluded at INR 59,000/t Ex-Raipur.
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