India: Silico manganese price stable on limited demand

India's silico manganese prices remained stable w-o-w, with marginal deviations owing to moderate domestic demand. Producers are continuously trying to increase offers, but buyers are negotiating hard; resisting the price hike.

According to SteelMint's assessment on 20 Dec'21, the current market prices for 60-14 grade are at INR 91,950/tonnes(t) exw- Durgapur and INR 92,450/t exw- Raipur. Overall, India's three major producing regions (Raipur, Durgapur and Vizag) are offering in the range of INR 91,000-93,000/t- exw. Market highlights: There is limited demand in