On July 23, SteelOrbis reported domestic silicomanganese offer prices at INR 64,800-66,000/mt ($940-957/mt) ex-works Raipur (central east India) and ex-works Durgapur (east India) regions.
Sources inform SteelOrbis that offer prices remain stable at INR 64,800-66,000/mt ($944-962/mt) in the same regions. The offer prices increased by $4/mt from the bottom of the previous range and $5/mt from the top of the same range on currency fluctuations. Sources inform SteelOrbis that demand remains dull and prices are expected to remain stable into early August.
USD = INR 68.97 (Jul 23)
USD = INR 68.64 (Jul 30)