- OMC chrome ore auction sees strong demand
- Sandur manganese auction attracts mid-grade bids
Ferro silicon prices climb on material shortage
Indian ferro silicon (Si 70%) prices increased by INR 1,700/t ($19/t) w-o-w to INR 88,700/t ($1,009/t) exw-Guwahati, while Bhutan prices rose by INR 1,500/t ($17/t) to INR 88,500/t ($1,006/t), supported by steady export demand, prolonged rains in Bhutan, and slightly tight supply due to SAIL tender commitments.
Additionally, China’s Hebei Iron and Steel Group (HBIS Group) has released its ferro silicon bids for Oct’25. Bids (Si: 72%) stood at RMB 5,660/t ($794/t), reflecting a slight drop of RMB 140/t ($20/t) m-o-m from the Sep’25 tender price of RMB 5,800/t ($814/t).
Ferro chrome prices remain stable post conclusion of auction
Indian high-carbon ferro chrome (HC 60%, Si 4%) prices remained steady w-o-w at INR 120,400/t ($1,369/t) exw-Jajpur. Prices stayed firm at elevated levels following higher bids in the Vedanta-FACOR auction, as sellers maintained strong offers, while buyers remained cautious.
Meanwhile, at OMC’s chrome ore auction held yesterday, 83,100 t was sold out of the 86,400 t offered. Bids rose by 0.4–18% (INR 40–5,550/t) for most grades, while a few gardes declined by 8–10% (INR 1,894–2,764/t) m-o-m. Additionally, OMC has scheduled a HC ferro chrome auction on 23 Oct’25 for 3,200 t of material, with the base price for the larger lot (Cr: 60–64%, 10–100 mm) set at INR 120,400/t ($1,369/t) exw.
Silico manganese prices rise amid higher raw material costs
Indian silico manganese (60-14) prices rose by INR 700/t ($8/t) w-o-w to INR 71,100–71,600/t ($808-814/t) in Durgapur, Raipur, and Vizag, driven by higher domestic steel mill procurement amid rising manganese ore and coke costs, and pre-festive inventory buildup to avoid supply disruptions.
Meanwhile, export prices of the 65-16 grade rose by $11/t w-o-w to $931/t FOB Vizag/Haldia, India.
On 16 October 2025 auction, Sandur Manganese and Iron Ore (SMIORE) offered 31,248 t of manganese ore, selling around 61% (19,152 t). Bids rose slightly m-o-m across most grades. Strongest demand was seen for 28–30% Mn content, with nearly 16 lots booked. Prices ranged from INR 3,000–9,080/t, depending on grade and size. The remaining 12,096 t remained unsold, despite healthy participation.
Ferro manganese prices up on material shortages
Indian ferro manganese (HC 70%) prices rose slightly by INR 400/t ($4/t) w-o-w to INR 71,300/t ($811/t) exw-Durgapur. Meanwhile, exw-Raipur prices inched up by INR 300/t ($3/t) to INR 71,300/t ($811t). Prices remained largely stable on regular trades, with minor gains amid material shortages.
Additionally, HC 75% ferro manganese prices dip by $3/t w-o-w to $912/t FOB Vizag/Haldia.
Imported manganese ore prices remain mostly stable w-o-w
Prices of imported manganese ore (Mn 37-46%) remained mostly steady w-o-w across grades. Mn44% from Gabon stood at $4.45/dry metric tonne unit (dmtu) w-o-w; Mn37% from South Africa was assessed at $4.24/dmtu, up by $0.05/dmtu and Mn46% from Australia was at $4.76/dmtu CIF India, Unaltered w-o-w.
Ferro molybdenum prices rise w-o-w
Indian ferro molybdenum prices increase by INR 68,000/t ($773/t) w-o-w to INR 3,100,000/t ($35,247/t) exw. Prices edged up following the rise in global markets, particularly China, as well as the rise in oxide prices.
A slight w-o-w uptick was also seen in LME futures, inching up by $0.13/lb to $24.93/lb.
Ferro titanium prices hold firm w-o-w
Indian ferro titanium (Ti: 70%, 10-50 mm) prices remained firm w-o-w at INR 300,000/t ($3,411/t) exw. The market was stable, supported by adequate supply and steady demand, while the downstream market also remained firm. No significant price movement was observed during the week.
Ferro vanadium prices hold firm despite increasing input costs
Ferro vanadium (FeV 50%) prices in India edged up by INR 6,000/t ($68/t) w-o-w to INR 1,150,000/t ($13,017/t) ex-Raipur, driven by higher vanadium pentoxide costs. Narrowing import margins and global shipment delays, along with rising energy and logistics expenses, reduced smelter output, tightening supply and supporting the price rise.
IEX spot prices edge down w-o-w
Electricity prices on the Indian Energy Exchange (IEX) stood at INR 2.49/unit during 12 October-18 October, inched down from INR 2.55/unit in the previous week.
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