Indian manganese ore market price forecast
According to Hainan West Asia Group, Indian suppliers are trying to attract buyers by cutting prices. However, rising manganese ore prices may limit the scope for further concessions.
India's silicomanganese 65%Mn16%Si fell by an average of about US$25 compared with a week ago. The price of alloy 60%Mn14%Si fell by about US$30.
Offers for high-carbon ferromanganese (75%Mn) fell to $10-20. Meanwhile, suppliers are not ruling out the possibility of offering additional price cuts when large-volume deals are struck.
Indian friends in West Asia said that there are many European inquiries, but the European side is waiting for further price cuts. Meanwhile, as India's fiscal year draws to a close, pressure is mounting on suppliers to sell surplus material before the fiscal year ends in March.
The news of rising manganese ore prices in India gave some producers hope to keep alloy prices. In the local Indian market, demand from steelmakers has also been weak, not least because of their reluctance to build up warehouse inventories before the end of the current fiscal year.
If you want to know more information about silicomanganese and other ferroalloys, please consult our Hainan West Asia Group
- Export - Metals
- silicon manganese
- Inoculant
- Silicon Carbide
- Recarburizer
- Ferro Silicon
- Silicon Metal
- Ferro Manganese
- High Carbon Silicon
- Nodulizer
- Cored Wire
- Silicon briquette
- Silicon powder /Micro Silicon-Powder
- Silicon slag/Low carbon silicon
- Ferro chrome
- Calcium Silicon
- Electrolytic Manganese Flakes
- Ferro Silicon Aluminum
- Silicon aluminum barium calcium
- Silicon calcium manganese
- Silicon barium calcium
