India: Silico manganese prices fall further as buyers become cautious

Silico manganese prices fell due to supply-demand disparity. Domestic sellers reduced prices to entice consumers. However, buyers were cautious of purchasing because they expected further reduction in offers. Meanwhile, SteelMint has recorded trade of around 2,500 tonnes (t) amid low demand.

As per SteelMint's assessment, Raipur- and Durgapur-based producers offered material at around INR 73,800/t exw, which edged down by 1% w-o-w. Producers' quotes for grade 60-14 remained at around INR 74,000-75,000/t exw-Raipur. On the other hand, Durgapur producers were seen quoting at around INR 73,500-74,000/t exw. Traders offered at