On May 13, SteelOrbis reported Indian domestic silicomanganese offer prices at INR 65,800-66,200/mt ($933-938/mt) ex-works in the Raipur and Durgapur regions.
According to sources, prices have slightly improved on an uptick in demand and are now reportedly at INR 66,000-67,000/mt ($947-962/mt) ex-works in both regions. Prices increased $14/mt from the bottom of the previous range and $24/mt from the top of the same range.
USD = INR 70.56 (May 13)
USD = INR 69.64 (May 28)