- Manganese alloys strengthen as supply constraints support offers
- Noble alloys show divergent price movements weekly
Silico manganese market tightens as smelters prioritise exports
Silico manganese prices continue to move higher by INR 3,625/t ($38/t) to INR 82,900-83,700/t ($865-874/t) across key regions, while export offers for 65-16 grades rose by $38/t to $990/t FOB Vizag/Haldia. Key smelters had allocated more production to higher-grade silico manganese and export orders, with several producers reportedly committed through November and mid-December. Bulk domestic purchases had further reduced freely available material, leaving limited quantities for spot transactions.
Additionally, State-owned MOIL Ltd has raised manganese ore prices by 5% across all grades for October 2026 deliveries. Prices for ferro-grade ore with manganese content of 44% and above, as well as ferro-grade ore below 44%, chemical grades, silico manganese grade (SMGR) material and fines, have all been revised upward by 5%.
Ferro manganese prices increase w-o-w
Ferro manganese prices went up by INR 4,700/t ($49/t) w-o-w to INR 89,500/t ($934/t) exw Durgapur, while Raipur prices increased by INR 4,800/t ($50/t) to INR 89,800/t ($938/t). Prices increased amid tighter spot availability, higher manganese ore and coke costs, and improved ferro alloy demand, which strengthened producer offers and reduced sellers’ willingness to discount.
Manganese ore prices advance w-o-w
Imported manganese ore prices improved w-o-w. Australian Mn46% was assessed at $5.4/dmtu, up by $0.18/dmtu, while Gabonese Mn44% stood at $5.05/dmtu, up by $0.19/dmtu and South African Mn37% at $4.65/dmtu, went up by $0.43 w-o-w.
Additionally, South32 and Eramet Comilog raised their November manganese ore offers for China. South32 increased its offer by $0.15/dmtu to $4.35/dmtu, while Eramet raised both grades by $0.10/dmtu to $4.80/dmtu for Mn 44.5% lump and $4.60/dmtu for 43% chips.
Ferro chrome prices remain mostly stable w-o-w
Ferro chrome prices remained mostly steady with slight rise by INR 200/t ($2/t) to INR 118,800/t ($1,240/t). Prices remained largely firm during the week, supported by sellers maintaining their offer levels and regular buying interest from domestic consumers. Consistent deals at prevailing prices provided further support to the market. Meanwhile, export activity remained limited, with relatively fewer overseas enquiries and transactions reported during the week.
Ferro silicon prices rise w-o-w post Bhutan’s Oct’26 announcements
Ferro silicon prices increased by INR 1,100/t ($11/t) w-o-w to INR 94,400/t ($986/t) in Guwahati, while Bhutan prices rose by INR 300/t ($3/t) to INR 94,000/t ($981/t). The upward movement followed Bhutan’s October 2026 price announcements, while limited spot availability and elevated input costs further supported sellers’ offers.
Noble alloy prices show mixed market trends w-o-w
Indian ferro molybdenum prices jumped by INR 112,000 ($1,169/t) w-o-w at INR 4,458,000/t ($46,541/t) ex-works.Prices rose amid supported molybdenum oxide costs due to which sellers kept offers elevated.
India’s ferro titanium prices declined by INR 7,000/t ($73/t) w-o-w to INR 363,000/t ($3,769/t) exw-India. Some deals were concluded around INR 355,000/t ($3,686/t), while sellers continued to hold offers at INR 370,000/t ($3,842/t). Lower-priced material availability and limited buying interest pressured the market, although firm seller offers prevented a sharper correction.
Indian ferro vanadium (FeV 50%) prices edged up by INR 11,200/t ($116/t) w-o-w to INR 1,258,000/t ($13,068/t), supported by improved buying interest, selective restocking and a gradual recovery in special steel market activity.
IEX: Spot prices dip w-o-w
Electricity prices on the Indian Energy Exchange (IEX) averaged INR 6.17/unit during 26 September- 03 October 2026, slight from INR 7.28/unit in the previous week.
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