On March 27, SteelOrbis reported India’s domestic silicomanganese offers around INR 70,000-71,000/mt ($1,079-1,094/mt) ex-works.
Sources inform SteelOrbis that prices have slipped downward as domestic manganese ore prices have also slipped and prices are now reportedly at INR 68,000-69,000/mt ($1,021-1,037/mt) ex-works. As compared to previous price range on March 27, domestic silicomanganese offers in India have declined by $58/mt on the lower end and by $57/mt on the upper end.
USD = INR 64.88 (Mar 27)
USD = INR 66.57 (Apr 23)