SiMn prices in Raipur up by INR 1,000/t W-o-W
Jul 01, 2020 11:00
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Indian silico-manganese prices increased marginally in the latter part of the last week. The prices made a significant upswing in Raipur, as few producers are catering to the pre-booked government orders, while others shifted to higher graded material due to better demand in the export market. therefore, creating a scarcity of grade 60-14 in the Raipur market. There is a severe issue of dispatches in the Raipur, and therefore, the producers who are offering 60-14 at INR 62,000/t are not negotiating in the current situation. However, in the Durgapur market, the offers are at around INR 61,000- 62,000/t, INR 62,000/t is only the offering prices, while the deals are being concluded in the range of INR 61,000-61,500/t.
Meanwhile, the export market remained silent, with limited trade happening. Currently, the prices in the export market are at $810-820/t for 60-14 grade and $910/t for 65-16 grade fob India.
Prices of manganese ore fell yet again making a fifth consecutive fall. The prices have been going down since the