Producers from Bhutan are offering Ferro Silicon at INR 66,000/MT Ex-Bhutan. Meanwhile, few deals were heard to be concluded at INR 65,000/MT. Ferro Silicon prices in Guwahati is in the range of INR 66,000-67,000/MT. In the export market, offer prices fell in line with low global demand, the prices for Ferro Silicon (75%) is at USD 1060/MT FOB Kolkata.
On the future outlook, it may be anticipated that the Ferro Silicon prices may continue at such levels for the time being with marginal fluctuations. Producers may undercut the prices further in lack of demand. Most market participants believe that the prices may redeem only after the Stainless Steel market starts improving and prices for other Ferro Alloys also picks up.