- Ferro chrome prices ease on bid-offer gaps
- Silico manganese prices dip on need-driven buying
Ferro chrome prices inch down on bid-offer disparity
Domestic high-carbon ferro chrome (60%, Si: 4%) prices edged down by INR 800/t ($9/t) w-o-w to INR 123,000/t ($1,352/t) exw-Jajpur. Prices declined, as higher offers no longer found support due to cautious buying from end users.
However, at the Odisha Mining Corporation (OMC) chrome ore auction today, 59,400 t were sold out of 114,600 t offered. Bids for grades above 40% increased by 13-17% (INR 2,498 – 3,545/t) m-o-m, while bids for grades below 40% rose by about 10% (INR 997/t). Bids also exceeded base prices by 3-5% (INR 700 – 1,300/t). The price increase is likely driven by the recent rise in ferro chrome prices and stable end-user demand.
Imported manganese ore prices remain unchanged w-o-w
Imported manganese ore prices stayed unaltered w-o-w. Mn44% Gabon prices stood at $5.19/dmtu, Mn46% Australia at $5.55/dmtu and Mn37% South Africa stayed static at $4.62/dmtu w-o-w.
Silico manganese prices dip w-o-w on need-based purchases
Indian silico manganese (60-14) prices went down slightly INR 525/t ($6/t) w-o-w to INR 73,000 -73,700/t ($805-812/t ) across Durgapur, Raipur, Vizag, and Raigarh. Steel mills continued need-based procurement, improved supplies maintaining cautious buying. Limited liquidity in the market pressured some sellers to reduce offers, contributing to the overall price softening.
Meanwhile, HC 65-16 silico manganese prices also inched down by $4/t to $920/t FOB Vizag/Haldia.
Ferro manganese prices edge down w-o-w on limited acceptance towards higher quotes
Indian ferro manganese (70%) prices inched down by INR 800/t w-o-w to INR 73,700/t ($812/t) in Raipur and INR 300/t ($3/t) to INR 73,500/t ($810/t) in Durgapur. Weak acceptance of higher quotes and cautious buying limited transactions, exerting mild downward pressure on market sentiment.
However, export prices for 75 grade remained unchanged w-o-w to $909/t FOB Vizag/Haldia.
Ferro silicon prices rise w-o-w on tight supplies
Indian ferro silicon (Si 70%) prices increased by INR 2,500/t ($28/t) w-o-w to INR 98,300/t ($1,083/t) exw Guwahati. Prices in Bhutan also rose by INR 3,300/t ($37/t) to the same level. Prices strengthened due to tight supply, as major sellers were largely sold out, pushing offers higher while sustained buying supported the market.
Noble alloys prices shows mixed market movements
Indian ferro molybdenum prices dipped by INR 40,000/t ($440/t) w-o-w to INR 3,760,000/t ($41,336/t) exw. Prices were stable, but sentiment stayed guarded despite sound market conditions.
Indian ferro vanadium (FeV 50%) prices held steady w-o-w at INR 1,217,000/t ($13,379/t) ex-Raipur as of 18 Feb’26, with limited activity and buying confined to need-based purchases. Meanwhile, Chinese vanadium pentoxide prices also remained unchanged, with subdued trading amid the ongoing Spring Festival holidays in China.
Indian ferro titanium (Ti 70%, 10–50 mm) prices edged up by INR 600/t ($6/t) w-o-w to INR 305,600/t ($3,360/t) ex-works on 19 Feb ’26. The market remained largely steady, supported by balanced supply-demand dynamics, while stable global conditions and healthy export demand kept sentiment firm.
IEX spot prices increase w-o-w
Electricity prices on IEX averaged INR 3.61/unit during 15-21 February 2026, up from INR 3.38/unit in the previous week.
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