On February 6, SteelOrbis reported Indian domestic silicomanganese offer prices at INR 67,200-67,500/mt ($939-943/mt) ex-works with ex-Raipur prices on the bottom of the range.
According to market sources, domestic silicomanganese prices have since increased to INR 67,500-68,000/mt ($947-954/mt) ex-works. Prices are reportedly toward the higher end of the range in Durgapur and the lower end of the range in Raipur. Prices increased $8/mt from the bottom of the previous range and $11/mt from the top of the same range.
USD = INR 71.60 (Feb 6)
USD = INR 71.28 (Feb 19)