On June 10, SteelOrbis reported Indian domestic silicomanganese offer prices at INR 65,400-66,800/mt ($941-961/mt) ex-works in the Raipur and Durgapur regions.
Sources inform SteelOrbis that prices in both regions have softened further this week. Prices are now reportedly at INR 65,000-66,400/mt ($931-951/mt) ex-works in both regions. Durgapur prices continue to trend on the higher side of the range while Raipur prices are on the lower side of the range. Prices decreased $10/mt from both the bottom and top of the respective previous range.
USD = INR 69.52 (Jun 10)
USD = INR 69.84 (Jun 17)