On July 15, SteelOrbis reported Indian domestic silicomanganese offer prices at INR 65,800-66,200/mt ($960-966/mt) ex-works in the Raipur (east-central India) and Durgapur (east India) regions.
Sources inform SteelOrbis that prices in both regions are now at INR 66,000-66,700/mt ($955-966/mt) ex-works with Durgapur prices on the higher end of the range. Due to currency fluctuations, the bottom of the range decreased by $5/mt while the top of the range remained stable in dollar terms.
USD = INR 68.54 (Jul 15)
USD = INR 69.08 (Jul 23)