- Manganese alloys prices soften amid subdued buying
- Bhutan’s lower Jul’26 offers weigh on Indian ferro silicon prices
Indian ferro alloys prices remained under pressure in the week ended 11 July 2026 amid cautious market sentiment and weak demand.
Silico manganese prices retreat w-o-w amid weaker steel sentiment
Indian silico manganese (60-14) prices declined by INR 750/t ($8/t) w-o-w to INR 74,900-75,600/t ($786-793/t) across key markets. Domestic steel mills largely restricted purchases to immediate requirements amid weak finished steel demand, limiting alloy procurement.
Meanwhile, HC 65-16 silico manganese export prices edged down by $5/t to $918/t FOB Vizag/Haldia.
Ferro manganese prices remain largely stable on market caution
Indian ferro manganese (70%) prices remained largely steady with slight decline w-o-w by INR 500/t ($5/t) to INR 78,500/t ($823/t) in Raipur and by INR 400/t ($4/t) to INR 78,400/t ($822/t) in Durgapur. Prices eased marginally amid subdued domestic demand, cautious export enquiries, and adequate material availability, prompting suppliers to offer limited discounts to secure orders.
Meanwhile, export prices for the 75% grade also dipped by $4/t w-o-w to $926/t FOB Vizag/Haldia.
Imported manganese ore prices continue to slide w-o-w
Imported manganese ore prices declined w-o-w. Australian Mn46% was at $5.45/dmtu, down by $0.15/dmtu w-o-w, Gabonese Mn44% prices stood at $5.17/dmtu, down by $0.13/dmtu, and South African Mn37% stood at $4.61/dmtu, down by $0.04/t w-o-w.
Ferro chrome prices remain soft w-o-w
Indian high-carbon ferro chrome (HC 60%, Si: 4%) prices remained broadly stable, edging down by INR 400/t ($4/t) w-o-w to INR 122,800/t ($1,288/t) exw-Jajpur. The market witnessed limited price movement as subdued buying interest and cautious procurement from end-users kept overall trading activity limited.
Ferro silicon prices slide post Bhutan’s Jul’26 announcements
India ferro silicon (Si 70%) prices dropped by INR 1,500/t ($16/t) w-o-w to INR 88,000/t ($923/t) ex-works Guwahati, while Bhutan prices also fell by INR 1,000/t ($10/t) to INR 88,700/t ($930/t). The market remained bearish this week after Bhutan’s July offers dropped by INR 9,000/t ($94/t) m-o-m exw, weighing on sentiment. The correction was largely expected as domestic prices had been under pressure over the past month amid cautious buying and expectations of lower offers.
Noble alloys prices reflect mixed trends w-o-w
India ferro molybdenum prices rose by INR 108,000/t ($1,133/t) w-o-w to INR 4,145,000/t ($43,400/t) ex-works. Prices went up following a slight hike in global prices and demand. The global market saw a brief price increase during the week, following gains in upstream molybdenum oxide, before stabilising as steel mills limited procurement to just-in-time purchases amid maintenance shutdowns.
Indian ferro vanadium prices remained largely stable, rising slightly in the week ended 8 July 2026 by INR 11,000/t ($116/t) w-o-w to INR 1,340,000/t ($14,096/t) ex-works Raipur, supported by higher raw material costs, firm supplier offers, and limited spot availability, while cautious steel mill procurement restrained sharper gains.
Indian ferro titanium prices inched up by INR 1,600/t ($17/t) w-o-w to INR 375,600/t ($3,936/t) exw-India. Suppliers maintained firm offers amid stable raw material costs and healthy order books, while steel mills continued need-based procurement, keeping spot activity limited.
IEX spot prices decrease w-o-w
Electricity prices on the Indian Energy Exchange (IEX) averaged INR 3.45/unit during 5-11 July 2026, down from INR 5.25/unit in the previous week.
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