Ferro alloy prices eased in the last one week on low procurement by end-users, traders said.
Both the manganese alloys – silico manganese and ferro manganese – moved downwards, while manganese ore, chrome ore and ferro chrome prices remained unchanged on low procurement and increased supply.
Silico manganese prices fell Rs 1,700 per ton, while ferro manganese prices fell Rs 1,200 per ton during the week on higher inventory levels.
In the export market, rose silicon manganese was quoted at $810-850 per ton FOB east coast as against the same prices in the previous week as supply increased as opposed to 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 $800-840 per ton FOB as against the same prices in the previous week on short supply. There were lower enquiries from the international markets, sources said.
Meanwhile, in the domestic market, ferro silicon prices fell Rs 300 per ton on low procurement during the week.
Prices of ferro alloys in various markets during the past one year (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 |
28-Apr-16 |
27-Apr-16 |
21-Apr-16 |
29-Mar-16 |
31-Oct-15 |
||
FERRO SILICON |
GUWAHATI |
59,600 |
59,600 |
59,900 |
58,200 |
65,100 |
FERRO VANADIUM |
|
538 |
538 |
538 |
455 |
550 |
SILICON MANGANESE |
ROURKELA |
51,400 |
51,400 |
53,100 |
57,000 |
43,700 |
HC FERRO MANGANESE |
RAIPUR |
53,200 |
53,200 |
54,400 |
52,000 |
42,200 |
FERRO MOLY |
|
565 |
565 |
565 |
560 |
625 |
HC FERRO CHROME |
JAJPUR |
57,900 |
57,900 |
57,900 |
56,200 |
60,400 |
MANGANESE ORE |
BALAGHAT |
6,700 |
6,700 |
6,700 |
5,500 |
6,500 |
CHROME ORE |
BARBIL |
8,600 |
8,600 |
8,600 |
8,600 |
12,700 |
Source: Compilation from various sources & ISMW data