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Despite sluggish global demand, the export price of silicon manganese from India remains stable, indicating that domestic producers in India have adopted a strategic pricing approach. On August 21, 2024, prices for all grades remain unchanged. The FOB price of silicon manganese 6516 remained stable at $961/ton (Vizat/Haldia), while the FOB price of silicon manganese 6014 slightly decreased by $3/ton on a weekly basis to $825/ton (Vizat/Haldia).
Overall, prices have remained relatively stable. Due to sustained weak overseas demand, major silicon manganese producers in Vizag and Raipur have maintained the FOB price of silicon manganese 6516 within the range of $960-965 per ton. A trader stated that there are some inquiries appearing, but they rarely translate into actual transactions.