India: Ferro Silicon Prices Stable amid Improving Demand
Ferro Silicon prices in India are still unchanged, but the sentiment seems to be turning towards positive. Some of the major producers reported that they have steady demand and are mostly sold out.
Producers in Guwahati have raised the offer prices as there is lesser inventory for spot sale with them. Bhutanese producers have however maintained their prices at lower levels despite good demand, but are likely to increase their prices in line with the raised Indian prices.
Producers from Bhutan are offering Ferro Silicon at INR 71,000/MT Ex- Bhutan. Ferro Silicon prices Ex-Guwahati is in the range of INR 72,000-72,500/MT. However, a deal for 500 MT was heard to be concluded at INR 72,500/MT. In the export market, prices remained unchanged for Ferro Silicon (75%) at USD 1160/MT FOB Kolkata.
On the Future Outlook, Ferro Silicon prices have a decent chance to rise from here owing to steady demand and low selling pressure. Market sources are of the view that with rising demand the offers may increase next week from Bhutan.
source: SteelMint
Top News
Six last month
Iran Alloy Steel Company intends to purchase 12 tons of ferrotungsten through public tender
Iran Alloy Steel Company intends to purchase 150 tons of Low-Carbon Ferro Manganese through public tender
Gold price faces worst week since 2021 as Fed signals no rate-cut rush
Gold loses some luster after Trump’s decisive win
Iron ore price flirts with key $100/t level on firm demand, China stimulus hopes
Hedge funds slash bullish wagers on gold over Trump election win
Resolute Mining says it will pay Mali $160 million in tax dispute
Families gather at South African mine shaft where hundreds are feared stuck underground
Higher silver supply to reduce global deficit by 4% in 2024
Sierra Leone woos miners to clean energy with $11 billion plan
Alrosa plans production cuts and staff reduction for 2025
Chile’s rare salt flat fish face threat from lithium mining project
Endeavour Silver raises $73m for Pitarrilla project
BHP to spend up to $14 billion on Chilean copper expansion
Chile’s rare salt flat fish faces threat from lithium mining project
British Columbia creates new mining ministry to tackle critical minerals amid doubts over capacity
China’s germanium, gallium ban could cost the US $3.4 billion
South Africa police standoff with illegal gold miners escalates
Iran Alloy Steel Company intends to purchase 150 tons of Low-Carbon Ferro Manganese through public tender
Iran Alloy Steel Company intends to purchase 12 tons of ferrotungsten through public tender
Iran Alloy Steel Company intends to purchase 150 tons of Low-Carbon Ferro Manganese through public tender
Sierra Leone woos miners to clean energy with $11 billion plan
Alrosa plans production cuts and staff reduction for 2025
Chile’s rare salt flat fish face threat from lithium mining project
Endeavour Silver raises $73m for Pitarrilla project
Chile’s rare salt flat fish faces threat from lithium mining project
British Columbia creates new mining ministry to tackle critical minerals amid doubts over capacity
Newmont sells Ontario gold mine to Orla for $850 million
