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This week, the domestic silicon manganese market in India saw a significant increase in prices. Compared to last week, the price has significantly increased by 9,000 rupees per ton (108 US dollars per ton). The panic buying triggered by the rise in manganese ore prices in both domestic and global markets in India has raised prices.
The price of silicon manganese 6014 increased significantly by 7,900-9,700 rupees/ton (94-116 US dollars/ton) compared to the previous week. The ex factory price of silicon manganese 6014 was 93,400-96,100 rupees/ton (1,120-1,151 US dollars/ton). It is worth noting that the ex factory price of Raipur is even higher, reaching 95,000-96,100 rupees/ton (1,138-1,151 US dollars/ton), and some transactions have even reached a factory price of 97,000 rupees/ton.
The quotation for silicon manganese 6015 has also slightly increased, with a factory price of 98,500 to 99,500 rupees per ton (1,180 to 1,192 US dollars per ton) in Durgabur and Raipur.