Ferro Silicon prices are likely to move upwards very soon. In Bhutan Ferro Silicon (grade70-75) is being offered at around INR 64,000 /MT.
In line with steady prices in Bhutan, Ferro Silicon producers in India also keep their prices unchanged. Ferro Silicon grade 70-75 is being offered around INR 62,000/MT (Ex-Guwahati).
There is an upsurge in demand for Bhutanese produced Ferro Silicon. A source at one of the major Ferro Silicon producers in Bhutan revealed that they have concluded deals with European companies post-Christmas, in the range of USD 1020-1030 /MT FOB Kolkata.
Steelmint assessed that one of the major Ferro Silicon producers in Bhutan have stopped their production for a few days. This may result in a price hike in India due to supply tightness. On future trend, demand is expected to be intact and as less production is expected during the winter months, supply could be very tight although this is unlikely to lead to shortages as demand in India has been quite lacklustre, after the demonetization of the 500 and 1000 currency notes.
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