On May 28, SteelOrbis reported Indian domestic silicomanganese offer prices at INR 66,000-67,000/mt ($947-962/mt) ex-works in the Raipur and Durgapur regions.
According to sources, the price range has widened with Durgapur region prices maintaining sideways to strong stability while Raipur prices slumped. Prices are now reportedly at INR 65,700-67,000/mt ($948-967/mt) ex-works in both regions. Durgapur prices are on the higher side of the range while Raipur prices are on the lower side of the range. Due to currency fluctuations, prices increased $1/mt from the bottom of the previous range and $5/mt from the top of the same range.
USD = INR 69.64 (May 28)
USD = INR 69.32 (Jun 4)