- Silico manganese prices buck trend
- Rising input costs lift ferro silicon tags
The Indian ferro alloy segment witnessed a price uptrend, driven largely by global cues. To illustrate, Indian ferro molybdenum prices surged to a two-year high amid limited availability of molybdenum oxide. However, silico manganese was an exception to this uptrend, with prices falling modestly due to oversupply and cautious buying.
Ferro silicon prices rise amid hikes in imported silicon metal tags
Indian ferro silicon prices rose by INR 2,500/tonne (t) ($29/t) w-o-w to INR 95,300/t ($1,093/t) exw-Guwahati. Meanwhile, Bhutan’s offers increased by INR 3,000/t ($34/t) to INR 95,000/t ($1,089/t) exw. Prices rose sharply, as sellers lifted offers, driven by rising imported silicon metal prices from China.
Ferro chrome prices remain range-bound in recent transactions w-o-w
Indian high-carbon ferro chrome (HC 60%, Si: 4%) prices were largely stable, with a slight rise of INR 700 ($8/t) w-o-w to INR 100,000/t ($1,147/t) exw-Jajpur. Key sellers were sold out, so supplies were tighter, which marginally pushed up prices despite weak demand for stainless steel.
Domestic silico manganese prices fall w-o-w amid buyer caution
Indian silico manganese prices (60-14) were down by INR 650/t ($7/t) w-o-w to INR 71,800-72,000/t ($823-826/t) in the key regions of Durgapur, Raipur, and Vizag. The decline was due to excess supply and cautious, need-based demand from steel mills.
Meanwhile, export prices of the 65-16 grade slid by $1/t w-o-w to $938/t FOB Vizag/Haldia, India.
Additionally, effective 1 August 2025, MOIL has increased ferro grade manganese ore prices by 3% while reducing those of SMGR grades, including Mn30% and Mn25%, by 3% m-o-m; this may impact near-term domestic silico manganese prices.
Ferro manganese prices remain mostly stable w-o-w
Indian ferro manganese (HC 70%) prices remained steady with a slight drop of INR 150/t ($2/t) w-o-w to INR 70,950/t ($814/t) exw in Durgapur. Meanwhile, prices, exw-Raipur, were unchanged at INR 71,100/t ($815/t) w-o-w.
Stable demand and balanced supply kept ferro manganese prices mostly steady, with minor corrections driven by limited trade activity and sufficient producer inventory in key regions.
Additionally, HC 75% ferro manganese prices stood firm w-o-w at $900/t FOB Vizag/Haldia.
Imported manganese ore prices rise w-o-w
Prices of imported manganese ore (Mn 37-46%) increased w-o-w across all grades. Mn44% from Gabon stood at $4.40/dry metric tonne unit (dmtu), up by $0.02/dmtu; Mn37% from South Africa was assessed at $4.16/dmtu, up by $0.02/dmtu, and Mn46% from Australia was at $4.70/dmtu CIF India, up by $0.01/dmtu w-o-w.
Nearly 50% sold in Sandur’s manganese ore auction
Additionally, on 28 July 2025, Sandur Manganese and Iron Ore (SMIORE) conducted an auction for a total of 30,744 t of manganese ore, comprising both fines and lumps with manganese content of 20-34% and particle sizes between -10 mm and 100 mm.
The auction received a healthy response, culminating in the successful sale of approximately 14,112 t, representing nearly 46% of the total quantity offered. Bids were at INR 4,280-8,950/t, depending on grade and size specifications, remaining stable m-o-m.
Ferro molybdenum surges to 2-year high amid tight supply
Indian ferro molybdenum prices increased by INR 145,000/t ($1,663/t) w-o-w to INR 2,870,000/t ($34,575/t) exw. Tight oxide availability and robust international demand lifted prices to their highest point in over two years. Additionally, on the London Metal Exchange (LME), prices inched up by $0.47/lb w-o-w to $23.44/lb.
Ferro vanadium gains w-o-w on rising input costs
Ferro vanadium (FeV 50%) prices in India rose by INR 24,000/t ($275/t) w-o-w to INR 1,094,000/t ($12,541/t) ex-Raipur, driven by costlier vanadium pentoxide and higher buying from special steelmakers. In China, FeV50 prices increased by RMB 1,000/t ($139/t) w-o-w to RMB 87,000/t ($12,122/t) on average.
Ferro titanium prices edge up w-o-w
Ferro titanium (Ti: 70%, 1050 mm) prices dipped by INR 1,600/t ($19/t) w-o-w, settling at INR 338,400/t ($3,917/t) ex-works India. Market activity remained subdued, both domestically and internationally, with sentiment largely unchanged.
IEX spot prices decline w-o-w
Electricity prices on the Indian Energy Exchange (IEX) stood at INR 3.5/unit during 20-26 July, down from INR 4.48/unit in the previous week.
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