India: Silico manganese prices rise owing to better demand
Aug 12, 2020 11:00
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Indian silico manganese prices went up by INR 1,000/t in the domestic market on improved demand. At present, the transactional prices of silico manganese are in the range of INR 60,000-61,000/t ex-plant, meanwhile, export offers are quoted higher due to increased domestic prices and appreciating rupee, but no deals have been recorded at the higher prices yet.
Currently, the prices are at INR 60,000-61,000/t Ex-Durgapur and INR 61,000/t Ex-Raipur. Meanwhile, the export prices are at $820/t for 60-14 and $880/t for 65-16 grade FOB India.
Indian silico manganese prices ascend this week, on a confluence of factors namely:
Shortage of silico manganese in Raipur market:
There is a shortage of