- Ferro chrome prices drop to two-month low
- Global and LME slump drags ferro molybdenum down
Ferro silicon prices increase w-o-w on tight supplies
Indian ferro silicon (Si 70%) prices rose by INR 2,300/t ($26/t) w-o-w to INR 90,000/t ($1,015/t) exw-Guwahati, while Bhutan’s prices stood at INR 91,500/t ($1,032/t), up by INR 3,500/t ($39/t). Most sellers raised their offers due to a slight supply crunch, as some key suppliers in Bhutan ran out of stock. Additionally, active trades were concluded, which boosted sellers’ confidence. Offers are likely to strengthen next week on tight availability.
Ferro chrome prices slip to near 2-month low on weak trade sentiment
Indian high-carbon ferro chrome (HC 60%, Si: 4%) prices fell by INR 2,000/tonne ($23/t) compared to the previous assessment on 7 November, as muted buying interest from key end users compelled sellers to lower their offers.
As per BigMint’s assessment dated 14 November, HC ferro chrome (HC 60%, Si: 4%) was assessed at INR 115,500/t ($1,302/t) exw-Jajpur — its lowest level in nearly two months. The last similar level was recorded in early September 2025, when prices hovered around INR 113,700/t exw. Around 1,800 t of material changed hands last week within the price range of INR 115,000–117,500/t ($1,297–1,325/t) exw-Jajpur.
Low-silicon high-carbon ferro chrome prices dropped by INR 2,000/t ($23/t) w-o-w to INR 123,000/t ($1,387/t) exw-Jajpur, with approximately 500 t of trades concluded in the INR 123,500–124,000/t ($1,392–1,398/t) range. Meanwhile, low-carbon ferro chrome (C: 0.1%) prices also edged down by INR 1,200/t ($14/t) w-o-w to INR 210,800/t ($2,377/t) exw-Durgapur.
Silico manganese prices dip on weak steel sentiment w-o-w
Indian silico manganese (60-14) prices remained mostly stable with a slight dip by INR 350/t ($6/t) w-o-w to INR 71,300-71,500/t ($804-807/t) in Durgapur, Raipur, and Vizag. Muted buying interest and lacklustre support from the finished steel segment kept demand subdued, with mills in major consuming regions staying cautious-restricting any upward momentum and nudging domestic prices slightly lower.
Meanwhile, export prices of the 65-16 grade also edged down by $1/t w-o-w to $927/t FOB Vizag/Haldia, India.
Additionally, on 12 Nov’25, SMIORE auctioned 14,616 t of manganese ore, recording higher m-o-m bid prices and strong participation. About 86% was booked, with 26–28% Mn grades seeing healthy interest, reflecting steady demand for mid-grade material.
Ferro manganese prices remain mostly steady w-o-w
Indian ferro manganese (HC 70%) prices went down by INR 500/t ($6/t) w-o-w to INR 72,700/t ($820/t) exw-Durgapur, however tags also rose by INR 600/t ($7/t) w-o-w to INR 73,700/t ($831/t) exw-Raipur. Durgapur prices dipped on softer local buying, while Raipur increased due to tighter regional supply and slightly stronger procurement.
Additionally, HC 75% ferro manganese prices increased by $10/t w-o-w to $915/t FOB Vizag/Haldia.
Imported manganese ore prices remains constant, higher grades inches up w-o-w
Prices ofhigher grades of imported manganese ore (Mn 37-46%) rose w-o-w. Mn44% from Gabon stood at $4.67/dry metric tonne unit (dmtu) w-o-w, up by $0.01/dmtu. Meanwhile, Mn37% from South Africa was assessed at $4.25/dmtu remained stable, and Mn46% from Australia was at $5.01/dmtu CIF India, up by $0.02/dmtu w-o-w
Additionally, South32 has kept its Dec’25manganese ore offers flat m-o-m, with prices of South African Mn37% material at $4.15/dmtu and of Australian Mn42% ore at $4.55/dmtu.
Ferro molybdenum falls to 4-month low amid global and LME price weakness
Indian ferro molybdenum prices dropped by INR 60,000/t ($677/t) w-o-w to INR 2,775,000/t ($31,291/t) exw.Prices slipped w-o-w, as subdued end-user demand and declining global rates weighed on the market.
On the London Metal Exchange (LME), molybdenum futures fell by $1.06/lb w-o-w to $23.01/lb.
Ferro vanadium market fall amid rising stockpiles w-o-w
Ferro vanadium (FeV 50%) prices in India dipped marginally by INR 9,000/t ($102/t) w-o-w to INR 1,138,000/t ($12,845/t) ex-Raipur, as continued inventory overhang and muted buying activity softened market sentiment. Further downward pressure came from declining vanadium pentoxide (V₂O₅) prices in China, prompting domestic suppliers to trim their offers to stay competitive amid weak demand from the alloy and stainless steel sectors.
Ferro titanium prices remain stable w-o-w
Indian ferro titanium (Ti: 70%, 10–50 mm) prices held mostly steady this week, slipping by INR 2,500/t ($28/t) to INR 292,500/t ($3,298/t) ex-works. The market remained well-balanced, backed by sufficient supply and consistent end-user demand, resulting in only slight price adjustments and no significant shift in sentiment.
IEX spot prices dip w-o-w
Electricity prices on the Indian Energy Exchange (IEX) stood at INR 2.83/unit during 09-15 November, going down from INR 3.1/unit in the previous week.
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