- Ferro chrome prices dip on limited market movement
- Silico manganese prices decline on weaker steel market
Ferro chrome prices ease on market cautiousness
Domestic high-carbon ferro chrome (60%, Si: 4%) prices dipped by INR 1,000/t ($11/t) w-o-w to INR 122,000/t ($1,340/t) exw-Jajpur. Market remained silent post OMC’s chrome ore auction, as most buyers had already secured material, resulting in limited inquiries and weak trading activity.
Additionally, at Vedanta-FACOR’s ferro chrome auction of 27th feb, the larger lot (Cr 57% min, 10–150 mm) closed at INR 120,200/t ($1,320/t) exw, up INR 200/t ($2/t) from the base price. The smaller lot of the same grade settled at INR 120,800/t ($1,327/t) exw, rising INR 300/t ($3/t). Market sentiment remains cautious, with buyers anticipating a further price decline.
Imported manganese ore prices rise w-o-w
Imported manganese ore prices increased w-o-w. Mn44% Gabon prices stood at $5.26/dmtu, up by $0.07/dmtu. Mn46% Australia at $5.63/dmtu, up by $0.08/dmtu and Mn37% South Africa stood at $4.69/dmtu, up by $0.07/dmtu w-o-w.
Silico manganese prices down w-o-w amid weak downstream market
Indian silico manganese (60-14) prices went down slightly INR 400/t ($4/t) w-o-w to INR 72,600 -73,200/t ($798-804/t ) across Durgapur, Raipur, Vizag, and Raigarh. Amid prevailing market uncertainty, steel mills continued with strategic, need-based procurement of raw materials to limit further losses, keeping demand subdued.
Meanwhile, HC 65-16 silico manganese prices also inched down by $4/t to $916/t FOB Vizag/Haldia.
Ferro manganese prices inch up w-o-w
Indian ferro manganese (70%) prices inched up by INR 300/t w-o-w to INR 74,000/t ($813/t) in Raipur and INR 200/t ($2/t) to INR 73,700/t ($809/t) in Durgapur. Prices inched up as the market remained cautious, with buyers purchasing only on immediate needs amid limited fresh demand.
However, export prices for 75 grade edged down by $2/t w-o-w to $907/t FOB Vizag/Haldia.
Ferro silicon prices over 2-month high on tight supplies
Indian ferro silicon (Si 70%) prices increased by INR 500/t ($6/t) w-o-w to INR 98,800/t ($1,085/t) exw Guwahati. Prices in Bhutan also rose by INR 700/t ($8/t) to INR 99,000/t ($1,087/t).Prices increased and have hit highest since Dec’25 amid constrained supply and fewer spot offers, with steady buying interest reinforcing the uptrend.
Noble alloys prices shows mixed market movements
Indian ferro molybdenum prices decreased by INR 310,000/t ($3,404/t) w-o-w to INR 3,450,000/t ($37,881/t) exw. The drop was primarily driven by quiet global market activity during the holiday period, particularly in China, weak domestic end-user demand, and a decline in LME molybdenum future prices, which further weighed on market sentiment.
Indian ferro vanadium (FeV 50%) prices rose by INR 7,000/t ($77/t) w-o-w to INR 12,24,000/t ($13,461/t) ex-Raipur on 25 Feb’26. Buyers limited purchases to immediate needs amid sufficient stocks, while sellers held firm offers, keeping sentiment cautious. In China, post-holiday activity improved, supported by tight feedstock and steady steel output, though demand remained subdued.
Indian ferro titanium (Ti: 70%, 10-50 mm) prices inched up by INR 4,400/t ($48/t) w-o-w to INR 310,000/t ($3,409/t) exw on 26 Feb’26. The market remained largely stable, supported by steady end-user demand and firm global trends, with no significant shifts in sentiments observed during the week.
IEX spot prices went up w-o-w
Electricity prices on IEX averaged INR 4.13/unit during 22-28 February 2026, up from INR 3.61/unit in the previous week.
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