- Ferro chrome prices hit four-month low
- SiMn prices gain post-MOIL’s adjustments
Indian ferro alloy prices witnessed mixed trends across commodities, with cautious buying, fluctuating raw material costs, and production shifts shaping major market trends.
Ferro chrome prices drop to over 4-month lows as demand weakens
Indian high-carbon ferro chrome (HC 60%, Si: 4%) prices edged down by INR 500/tonne (t) ($6/t) w-o-w to INR 99,500/t ($1,164/t) exw-Jajpur. Prices edged down amid cautious buying, stemming from widening bid-offer disparities.
Additionally, China’s Taiyuan Iron and Steel Corporation (TISCO) reduced its July ferro chrome tender price by RMB 50/t ($7/t) m-o-m to RMB 7,845/t ($1,095/t) DAP, including taxes.
Silico manganese tags edge up post MOIL’s ore price revisions
Indian silico manganese prices (60-14) witnessed a slight increase of INR 550/t ($6/t) w-o-w to INR 72,000-72,900/t ($842-853/t) in the key regions of Durgapur, Raipur, and Vizag. Rising production cuts tightened domestic silico manganese supply in India, pushing prices higher w-o-w amid renewed export inquiries from Southeast Asia and the Middle East.
Additionally, MOIL, the state-owned mining company, announced a price revision in manganese ore, effective 1 July 2025. The company implemented a modest 2% increase in prices of ferro grades — “both above and below 44% Mn content” — as per a company release.
Meanwhile, export prices of the 65-16 grade inched up by $5/t w-o-w to $928/t FOB Vizag/Haldia, India.
Ferro manganese prices stable on balanced market activity
Indian ferro manganese (HC 70%) prices remained flat w-o-w at INR 71,900/t ($841/t) exw in Durgapur. Meanwhile, prices, exw-Raipur, edged up to INR 72,200/t ($845/t). Stability was supported by balanced market activity characterised by steady demand, consistent supply, and cautious trading sentiment among buyers and sellers this week.
Additionally, HC 75% ferro manganese prices increased by $10/t w-o-w to $923/t FOB Vizag/Haldia.
Imported manganese ore prices remain largely steady w-o-w
Prices of imported manganese ore (Mn 37-46%) remained mostly steady w-o-w across all grades. Mn44% from Gabon stood at $4.30/dry metric tonne unit (dmtu), down by $0.05/dmtu w-o-w, Mn37% from South Africa was assessed at $4.01/dmtu, up by $0.03/dmtu w-o-w, and Mn46% from Australia was at $4.65/dmtu CIF India, down by $0.05/dmtu.
Ferro silicon prices slide post Bhutan’s announcements
Indian ferro silicon prices dipped by INR 1,400/t ($16/t) w-o-w to INR 87,000/t ($1,018/t) exw-Guwahati. Meanwhile, Bhutanese prices also decreased by INR 500/t ($6/t) to INR 87,500/t ($1,023/t) exw. Reliable sources indicate that Bhutan has set prices at INR 88,000/t ($1,029/t), yet most sellers continued to quote prices below this level.
Ferro molybdenum prices surge in recent trades
Indian ferro molybdenum prices increased by INR 39,000/t ($456/t) w-o-w to INR 2,730,000/t ($31,929/t) exw. Prices recorded a sharp rise, supported by consistent domestic trading activity and steady cues from the London Metal Exchange (LME). LME prices were stable as well, inching down by $0.8/lb w-o-w to $21.82/lb.
Ferro vanadium prices edge higher w-o-w amid increased production cuts
Indian ferro vanadium (FeV 50%) prices rose by INR 13,000/t ($152/t) w-o-w to INR 1,093,000/t ($12,783/t) ex-Raipur. The hike was largely driven by growing production curtailments, prompted by elevated vanadium pentoxide (V₂O₅) costs, which also weighed on the competitiveness of imports. Market participants pointed to continued caution among domestic producers, who were hesitant to ramp up output due to tight feedstock availability and sustained input cost pressures.
India’s ferro titanium market sees stable pricing w-o-w
Prices of Indian ferro titanium (Ti: 70%, 10-50 mm) held steady w-o-w at INR 341,600/t ($3,995/t) ex-works, reflecting stable market fundamentals. According to a key supplier, the market remained subdued, with limited inquiries and a steady supply-demand balance contributing to price stability.
IEX spot prices decline w-o-w
Electricity prices on the Indian Energy Exchange (IEX) stood at INR 3.33/unit during 29 June-5 July, edging down from INR 3.5/unit in the previous week.
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