NON-FERROUS   Iron Ore  

India: Silico Manganese Prices Remain Unchanged W-o-W

Indian Silico Manganese Prices remains unchanged W-o-W amid steady market.

In the last week of Feb’19, the market remained steady with moderate demand in the domestic market. Traders reported that the supply demand dynamics is quite stable and therefore the change in prices are highly unlikely.

Demand from Export market is low and due to the oversupply scenario of Silico Manganese Worldwide. Prices were raised by the producers previous week in line with rising ore prices, but owing to the lower acceptance by the buyers at raised offers, producers had to reduce their prices marginally.

Prices in the last week of Feb’19 in the domestic market are at around INR 68,000/MT and INR 67,500/MT for Ex-Durgapur and Ex-Raipur respectively. Amid limited demand in the export market, producers have maintained their offers prices for 60-14 grade at USD 935/MT FOB India and for grade 65-16 at USD 1035/MT.

Due to continuous correction in Steel Prices an uptick in Silico Manganese Prices are highly unlikely. Traders have reported that the prices are to be remain constant and are not likely to change anytime soon. However, change in Ore prices may put an impact on the Silico Manganese Prices.

News No: 3995
Date: 2019/03/13 - 08:19
News Source: SteelMint

Silico Manganese  Indian  Iron Ore  Steel Prices 


Leave a Comment:


Indian Sponge Iron Prices to Likely to Remain Strong - Manufacturers

Sponge iron market seems to remain strong, as per manufacturers in central & eastern India. Rising raw material prices & active demand are likely to keep Indian sponge iron prices supported, they added.

Daily Update: Indian Semis Offers Rise Further

Indian steel prices remain slightly surge by INR 100-400/MT on improved inquiries from the domestic buyers. The mid sized mills have raised Billet prices by INR 100-400/MT, Rebar by INR 100-300/MT & Sponge iron by INR 100-200/MT day on day in major markets.

India: Karnataka Govt Invites Bid for 4 Iron Ore Blocks

Department of Mines and Geology (Govt. of Karnataka) has floated the tender for auctioning of 4 iron ore blocks in Karnataka for its 4th phase.

India: Silico Manganese Prices In Raipur Tread Lower Amid Lacklustre Market

Indian Silico Manganese Prices are under pressure due to various factors as it is highly dependent on the inventory level possessed by the producer and the region they are offering from and also the grade quality.

Daily Update: Indian Semis Offers Rise

Indian spot steel prices sharply surge by INR 300-600/MT in a day on improved demand in finished steel products amid positive outlook. The sources have reported better response from the stockiest & end user segment.

What soaring iron ore and faltering copper say about China — opinion

The iron ore market is on a surge, the price last week punching up through the $100-per tonne level for the first time in five years.
Upcoming Events
 Mines & Metals

Mine & Business Today

 Scrap & Recycling


Our partners