Ferro alloy prices moved up on procurement by end-users in the last one week’s time.
Chrome ore prices surged by Rs 1,600 per ton in Barbil on a weekly basis.
There was an increase of Rs 1,000 per ton in silico manganese prices in Rourkela, but HC ferro manganese prices in Raipur remained same on a weekly basis.
There was no change in ferro chrome and ferro silicon prices. Also, manganese ore prices remained unchanged.
Other ferro alloys like ferro vanadium and ferro moly moved up marginally during the week.
In the export market, silicon manganese was quoted at $680-740 per ton FOB east coast as against $650-685 per ton FOB east coast in the previous week with low procurement in the international market.
Indian producers reported that there were enquiries 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 $650-700 per ton FOB as against the same prices in the previous week on oversupply. There were lower enquiries from the international markets, sources said.
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 |
4-Aug-16 |
3-Aug-16 |
28-Jul-16 |
5-Jul-16 |
6-Feb-16 |
||
FERRO SILICON |
GUWAHATI |
62,900 |
62,900 |
62,900 |
62,900 |
57,100 |
FERRO VANADIUM |
|
568 |
568 |
552 |
557 |
465 |
SILICON MANGANESE |
ROURKELA |
44,400 |
44,300 |
43,400 |
43,600 |
38,200 |
HC FERRO MANGANESE |
RAIPUR |
43,400 |
43,500 |
43,400 |
45,100 |
39,000 |
FERRO MOLY |
|
555 |
555 |
552 |
560 |
555 |
HC FERRO CHROME |
JAJPUR |
62,100 |
62,100 |
62,100 |
62,400 |
56,500 |
MANGANESE ORE |
BALAGHAT |
5,700 |
5,700 |
5,700 |
6,700 |
5,000 |
CHROME ORE |
BARBIL |
10,200 |
8,600 |
8,600 |
8,600 |
8,600 |
Source: Compilation from various sources & ISMW data