India: FeSi smelters optimistic on more export inquiries
Dec 09, 2019 10:00
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Indian Ferro Silicon prices improved in November amid short supply in the market and improving demand from overseas. In the first week of December, the prices escalated in line with the increased inquiries from the export market. Buyers in the domestic market are still adamant on lower prices, however, the producers are firm with the prices. Not many deals are happening in the domestic market, due to increased prices and low demand.
In the domestic
market, the prices in Bhutan and Guwahati increased to INR 67,000/MT Ex-plant
for 70% grade. Export prices are at USD 980/MT FOB India. Meanwhile, a deal was
heard to be concluded at around USD 1000/MT FOB Kolkata.
The prices in
the export market may increase further in the coming days. The imports