India: Ferro Silicon Prices Remain Stable W-o-W
Indian Ferro Silicon prices remain stable amid short supply situation in Bhutan and Guwahati. Meanwhile, the supply of raw materials is still a concern for the producer. the Ferro Silicon smelters are almost booked for the month.
Due to the Corona Virus outbreak in China, major ports and transportation within the country are hugely affected. Most of the Carbon needs for Ferro Silicon production is met by China, but due to the extended Chinese New Year holiday the supply-demand chain was hampered and most of the producers in India and Bhutan are worried about the raw material supply.
In the domestic market, the offer prices for Bhutanese Ferro Silicon increased to INR 90,000/MT Ex-plant for 70% grade. Meanwhile, offers from Guwahati based producers are also at around INR 90,000/MT Ex-plant. In the export market, inquires have increased, but the producers are reluctant as the domestic prices are more beneficial in the present market conditions.
On the future outlook, the producers feel that the prices may remain stable for now amid bullish sentiments.
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
