Indian SiMn market witnesses healthier demand
Jul 15, 2020 11:00
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Indian silico manganese prices remain stable in the domestic market amidst better demand. The producers in Durgapur have concluded good number of deals at INR 60,000/t. One of the major producers of silico manganese based in Durgapur, shared that he was able to conclude around 600t deals today in varying lots, however, he also said that the future pricing is difficult to assess. Another silico manganese manufacturer shared that the export market is dull and few deals are taking place at even lower prices than the domestic levels, and it may take a toll on the domestic prices.
The domestic market in Raipur seemed to be silent as compared to the Durgapur market. The prices were high due to supply shortage of 60-14 in Raipur, but now the issue is getting resolved and the prices came down. However, the buyers are now resisting to buy further material as