- Ferro chrome continues to slide amid softening market conditions
- Silico manganese market eases on tepid procurement activity
Ferro silicon market awaits Bhutan Dec’25 offer announcement
Indian ferro silicon (Si 70%) prices decreased by INR 500/t ($6/t) w-o-w to INR 98,000/t ($1,097/t) exw-Guwahati; however Bhutan’s prices stood at INR 98,500/t ($1,102/t), up by INR 700/t ($8/t). Prices increased, as sellers in both northeast India and Bhutan kept their offers firm amid limited supplies.
Ferro chrome prices in India hit 3-month low
Indian high-carbon ferro chrome (HC 60%, Si: 4%) prices dropped by INR 3,500/t ($39/t) to INR 111,200/t ($1,243/t) exw-Jajpur, as per BigMint. Prices dropped as there was resistance from buyers to accept higher offers which limited market activity last week.
Additionally, Vedanta-Ferro Alloys Corporation (FACOR) will conduct an auction for high-carbon ferro chrome (Cr: 56% min, 10 -150 mm) on 1 Dec’25.
Silico manganese market softens on sluggish procurement
Indian silico manganese (60-14) prices slipped by around INR 500/t ($6/t) w-o-w, settling at INR 69,700-70,600/t ($780-790/t) across Durgapur, Raipur, and Vizag. Buying interest from steel mills remained subdued, with volatility in finished steel prices prompting cautious procurement and reducing overall trade volumes across major producing hubs.
Additionally, Sandur Manganese and Iron Ore (SMIORE) auctioned 27,216 t of manganese ore (Mn: 26-34%) on 28 November, with bids rising m-o-m. Strong participation led to nearly 80% being booked.
Ferro manganese prices dip amid sluggish trade
Indian ferro manganese (HC 70%) prices dipped by INR 100/t ($1/t) w-o-w to INR 72,000/t ($806/t) exw-Durgapur; meanwhile, prices also fell by INR 400/t ($5/t) w-o-w to INR 72,400/t ($806/t) exw-Raipur. Prices edged lower as buying interest weakened, with sluggish market activity and cautious procurement pressuring overall trade sentiment.
Additionally, HC 75% ferro manganese prices declined by $7/t w-o-w to $893/t FOB Vizag/Haldia.
Imported manganese ore prices remain flat w-o-w
Prices of higher grades of imported manganese ore (Mn 37-46%) remained unchanged w-o-w. Mn44% from Gabon stood at $4.66/dry metric tonne unit (dmtu) w-o-w, Mn46% from Australia was at $5/dmtu CIF India and Mn37% from South Africa was assessed at $4.25/dmtu unchanged w-o-w.
Ferro molybdenum prices decrease w-o-w
Indian ferro molybdenum prices dropped by INR 14,000/t ($156/t) w-o-w to INR 2,676,000/t ($29,913/t) exw. The decline was driven by weak demand and fewer inquiries, while a drop in global prices further weighed on overall market sentiment.
On the London Metal Exchange (LME), molybdenum futures fell slightly by $0.41/lb w-o-w to $21.79/lb.
Ferro vanadium prices remain stable
Ferro vanadium (FeV 50%) prices in India saw a slight decline of INR 3,000/t ($34/t) w-o-w to settle at INR 1,132,000/t ($12,683/t) ex-Raipur. The marginal dip stemmed from subdued domestic demand from special steel producers who are delaying bookings amid sufficient inventories and cautious procurement ahead of anticipated production adjustments. Prices may remain stable but soften slightly on weak demand.
Ferro titanium prices inch down w-o-w
Indian ferro titanium prices (Ti 70%, 10-50 mm) eased by INR 4,500/t ($50/t) w-o-w to INR 288,000/t ($3,223/t) exw on 27 November. The slight correction was due to a slowdown in the global market and a gradual recovery in demand from end-user sectors, keeping overall market momentum limited.
IEX spot prices rise w-o-w
Electricity prices on the Indian Energy Exchange (IEX) stood at INR 3.44/unit during 22-29 November, up from INR 2.83/unit in the previous week.
Trade
Auction Notice
Leave a Reply