On January 8, SteelOrbis reported Indian domestic silicomanganese offer prices at INR 67,500-68,000/mt ($962-969/mt) ex-Durgapur and INR 67,200-67,500/mt ($958-962/mt) ex-Raipur.
Sources inform SteelOrbis that domestic silicomanganese offer prices are now at INR 67,200-67,500/mt ($943-948/mt) ex-works in Raipur and Durgapur. In domestic terms, prices in Raipur trended stable while Durgapur prices decreased. Ex-Durgapur prices decreased $19/mt from the bottom of the previous range and $21/mt from the top of the same range. Due to currency fluctuations, ex-Raipur prices declined $15/mt from the bottom of the previous range and $14/mt from the top of the same range.
USD = INR 70.15 (Jan 8)
USD = INR 71.23 (Jan 22)