- Steady trades keep ferro chrome prices flat
- Silico manganese gains on supply disruptions
Indian ferro alloys prices showed mixed trends, with market fundamentals influenced by subdued trade momentum.
Ferro silicon prices remain flat, market waits for Bhutan’s offers
Indian ferro silicon prices were unchanged w-o-w at INR 88,300/t ($995/t) exw-Guwahati. Meanwhile, Bhutanese prices remained unaltered at INR 88,000 ($991/t). The market was largely subdued, as participants waited for this month’s price announcement.
Ferro chrome prices hold firm w-o-w on regular trades
Indian high-carbon ferro chrome (HC 60%, Si: 4%) prices remained unchanged w-o-w at INR 118,700/t ($1,337/t) exw-Jajpur. Prices held firm, with sellers maintaining firm offers while buyers remained cautious.
Silico manganese prices rise on supply shortages
Indian silico manganese prices (60-14) rose by INR 450/t ($5/t) w-o-w to INR 69,800-70,300/t ($786-792/t) in the key regions of Durgapur, Raipur, and Vizag. Heavy rains disrupted transport and tightened supply, while steady demand pushed prices higher across key production regions.
Additionally, state-owned MOIL has raised prices of all ferro grades by 6.4% and SMGR grades (Mn30%, Mn25%) by 5.2% m-o-m, effective 1 October 2025.
However, export prices of the 65-16 grade dipped by $2/t w-o-w to $902/t FOB Vizag/Haldia, India.
Ferro manganese prices remain largely stable w-o-w
Indian ferro manganese (HC 70%) prices were mostly steady, with a slight decline of INR 200/t ($2/t) w-o-w to INR 70,400/t ($793/t) exw in Durgapur. Meanwhile, prices, exw-Raipur, stayed flat w-o-w at INR 70,300/t ($792/t). Stable demand, balanced supply, and limited spot trades reined in significant movements in ferro manganese prices this week.
Additionally, HC 75% ferro manganese prices inched up by $1/t w-o-w to $886/t FOB Vizag/Haldia.
Imported manganese ore prices show mixed trends w-o-w
Prices of imported manganese ore (Mn 37-46%) showed contrasting trends w-o-w across grades. Mn44% from Gabon stood at $4.45/dry metric tonne unit (dmtu), edging down by $0.01/dmtu w-o-w; Mn37% from South Africa was assessed at $4.19/dmtu, unchanged; and Mn46% from Australia was at $4.76/dmtu CIF India, inching down by $0.01/dmtu w-o-w.
Ferro molybdenum prices remain largely steady w-o-w
Indian ferro molybdenum prices remained mostly stable, edging down by INR 6,000/t ($68/t) w-o-w to INR 3,068,000/t ($34,564/t) exw. Regular trades in the domestic market, along with limited demand, kept the prices steady. On the London Metal Exchange (LME), molybdenum futures were steady, down marginally by $0.11/lb to $25.03/lb.
Ferro titanium prices dip w-o-w
Indian ferro titanium (Ti:70%, 10-50 mm) prices eased slightly by INR 11,000/t ($124/t) w-o-w to INR 319,000/t ($3,595/t) exw. The market remained largely steady, with limited price movements, and no notable change in sentiments was observed, reflecting a balanced supply-demand scenario.
Ferro vanadium prices fall w-o-w due to buyer resistance
Ferro vanadium (FeV 50%) prices in India dropped by INR 26,300/t ($240/t) to INR 1,116,500/t ($1,314/t) ex-Raipur, as buyers resisted high offers. Despite firm production costs, weak demand and limited spot inquiries pressured prices. Market sentiment remained cautious, with hopes for a rebound hinging on recovery in the special steel sector and improved post-monsoon logistics.
IEX spot prices drop w-o-w
Electricity prices on the Indian Energy Exchange (IEX) stood at INR 2.7/unit during 27 September-04 October, down from INR 3.5/unit in the previous week.
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