India: Silico Manganese Prices slip further down
Indian Silico Manganese Prices went further down in line with low demand and bearish Steel Market sentiment. Demand is weak in both domestic as well as global markets. Producers are selling at much lower levels to clear their inventories. It is mostly a buyer’s market now, as buyers are negotiating aggressively and the producers are under severe selling pressure.
In Durgapur, Silico Manganese 60-14 is being offered in the range of INR 61,500-62,000/MT Ex-Durgapur. In Raipur, the prices are in the range of INR 61,000-61,500/MT Ex- Raipur. In the Export market, the demand remains moderate; producers are offering 60-14 grade at USD 870-880/MT and 65-16 is being offered at USD 980-1000/MT. Meanwhile, some deals for grade 60-15 were heard to be concluded at INR 63,000/MT.
On the future outlook, prices of Silico Manganese are to remain under pressure. Any rise in prices is therefore highly unlikely owing to the timid demand. However, with the recent stability in the Steel prices, the prices of Silico Manganese may also attain stability and better demand.
source: SteelMint
Top News
Six last month
MinRes halts Bald Hill mine amid lithium price rout
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
Iran Alloy Steel Company intends to purchase 12 tons of ferrotungsten through public tender
Swapping aluminum for copper will maintain China’s resources, group says
Gold loses some luster after Trump’s decisive win
Hedge funds slash bullish wagers on gold over Trump election win
Iron ore price flirts with key $100/t level on firm demand, China stimulus hopes
Families gather at South African mine shaft where hundreds are feared stuck underground
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
Iron ore price flirts with key $100/t level on firm demand, China stimulus hopes
Newmont sells Ontario gold mine to Orla for $850 million
BHP warns Australian mining not ready for low-cost competitors
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
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
BHP warns Australian mining not ready for low-cost competitors
Resolute Mining says it will pay Mali $160 million in tax dispute
Trump chooses oil fracking boss as energy secretary
Gold loses some luster after Trump’s decisive win
