On March 5, SteelOrbis reported Indian domestic silicomanganese offer prices at INR 68,000-68,300/mt ($963-968/mt) ex-works Durgapur.
Sources inform SteelOrbis that prices have declined since earlier in the month and prices are now reportedly at INR 67,700-67,900/mt ($982-986/mt) ex-works in the Durgapur region and INR 66,500-66,700/mt ($965-968/mt) ex-works Raipur. Due to currency exchange fluctuations, Durgapur prices increased $19/mt from the bottom of the previous range and $18/mt from the top of the same range.
USD = INR 70.59 (Mar 5)
USD = INR 68.89 (Mar 25)