Indian silico manganese prices continue to rise

• Monday, February 19, 2024
• Source:ferro-alloys.com

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[Ferro-Alloys.com]

 

Indian silico manganese prices continue to rise owing to supply tightness, increase in export enquiries and active bookings in the domestic and overseas markets. Export prices for silico manganese (60-14) were $845/t FOB, up $7/t from Vizag/Haldia, while silico manganese (65-16) prices were valued at $945/t, up $10/t.

 

On 16 February, silico manganese (60-14) was trading at around INR 68,300-68,500/t ($823-$825/t) exw Durgapur, Raipur, and Vizag, up INR 550/t ($7/t).

 

However, the domestic steel billet index stood at INR 38,600/t ($465/t) exw-Raipur on 16 February at 18:00 hrs, which declined by INR 650/t ($8/t) w-o-w.

 

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