India: Medium-carbon silico manganese prices remain firm on balanced market conditions

• Sellers maintain firm offers amid healthy order flows
  
  
• Power tariff hike in Raipur to support prices in near term
  
  

India's medium-carbon silico manganese prices increased slightly by INR 50/t ($1/t) w-o-w to INR 88,400/t ($938/t) ex-works Durgapur on 18 June 2026. Trading activity was strong, with 4,800 t booked this week at INR 88,000-88,500/t ($934-$939/t).

Market updates

Consistent demand underpins market stability: Steady procurement from downstream consumers and sustained spot-market activity have supported balanced market conditions. Market participants pointed to stable buying interest, helping prices hold firm despite the absence of significant upward or downward pressure.

Producers retain pricing discipline amid stability: Sellers continued to maintain firm offer levels, supported by healthy order flows and balanced supply-demand fundamentals. The lack of distress selling and adequate market liquidity helped preserve price stability throughout the week.

Outlook

As per BigMint, medium-carbon silico manganese prices are expected to maintain a positive bias in the near term, supported by steady demand, balanced supply conditions, and rising production costs following the recent power tariff hike in Raipur.