Ferro alloy prices showed firm trends in the week ending April 8, led by firm trends in manganese alloys – silico manganese and ferro manganese, industry sources said.
Silico manganese prices continued to rise by Rs 500 per ton, while ferro manganese prices jumped Rs 3,500 per ton week-on-week.
In the export market, silicon manganese prices rose to $840-940 per ton FOB east coast as against $620-650 per ton FOB east coast in the previous week on short supply and rising demand in the international market.
Indian producers reported that there were inquiries from the Middle East, South East Asia and Latin American countries but confirmed deals were few and far between.
In the export market, ferro manganese was quoted at $810-850 per ton FOB as against $610-650 per ton FOB in the previous week on short supply. There were higher enquiries from the international markets, sources said.
In line with the firm trends in the ferro alloys market, ferro silicon rose Rs 1,500 per ton and ferro chrome rose Rs 400 per ton during the last week as short supply conditions prevailed.
Ferro vanadium and ferro moly prices also firmed up marginally taking a cue from the low supply conditions in the market.
Prices of ferro alloys in various markets during the past six months (Rs/ton)
PRODUCT |
NAME OF THE MARKET |
Price Rs./Ton as on |
Price Rs./Ton as on |
Price Rs./Ton as on |
Price Rs./Ton as on |
Price Rs./Ton as on |
7-Apr-16 |
6-Apr-16 |
31-Mar-16 |
8-Mar-16 |
10-Oct-15 |
||
FERRO SILICON |
GUWAHATI |
59,900 |
59,900 |
58,400 |
58,700 |
65,400 |
FERRO VANADIUM |
|
538 |
455 |
455 |
455 |
580 |
SILICON MANGANESE |
ROURKELA |
58,500 |
58,500 |
58,000 |
41,400 |
45,400 |
HC FERRO MANGANESE |
RAIPUR |
55,500 |
55,500 |
52,000 |
39,000 |
44,400 |
FERRO MOLY |
|
565 |
560 |
560 |
548 |
648 |
HC FERRO CHROME |
JAJPUR |
56,900 |
56,900 |
56,500 |
56,100 |
61,600 |
MANGANESE ORE |
BALAGHAT |
5,000 |
5,000 |
5,000 |
5,000 |
6,700 |
CHROME ORE |
BARBIL |
8,600 |
8,600 |
8,600 |
8,600 |
12,700 |
Source: Compilation from various sources & ISMW data