Weekly round-up: Indian ferro alloys market under pressure amid shifting demand and costs

• Silico manganese prices fall on oversupply pressure
  
  
• Limited trading keeps ferro chrome prices steady
  
  

Indias ferro alloys market displayed mixed trends in the week ended 17 April 2026, reflecting shifting demand patterns, inventory pressures, and fluctuating raw material costs.

Silico manganese drop on market cautiousness w-o-w

Indian silico manganese (60-14) prices moved down by INR 1,800/t ($19/t) w-o-w to INR 82,800-84,000/t ($891-$905/t) across key markets. The decline was driven by rising domestic supply and subdued export demand, as limited overseas bookings led producers to divert material into the local market, increasing availability and competitive pressure.

Meanwhile, HC 65-16 silico manganese export prices dipped by $18/t to $967/t FOB Vizag/Haldia.

Ferro manganese prices decline after recent uptrend

Indian ferro manganese (70%) prices fell w-o-w by INR 2,000/t ($22/t) to INR 84,800/t ($913/t) in Raipur, and by INR 1,800/t ($19/t) to INR 84,700/t ($912/t) in Durgapur. The earlier upward momentum was not sustained as demand weakened and buyers resisted higher offers. Meanwhile, export prices for 75% grade dropped sharply by $24/t w-o-w to $982/t FOB Vizag/Haldia amid limited fresh inquiries.

Imported manganese ore prices reflect mixed trends w-o-w

Imported manganese ore prices reflected varied trends w-o-w. Mn44% Gabon prices stood at $6.1/dmtu, up by $0.1/dmtu. Mn46% Australia at $6.5/dmtu, up by $0.08/dmtu, and Mn37% South Africa stood at $5.52/dmtu, down by $0.08/dmtu w-o-w.

Ferro chrome prices remain steady on limited market activity

Indian high-carbon ferro chrome (HC 60%, Si 4%) prices held steady at INR 117,500/t ($1,25/t) ex-works Jajpur, with minimal market movement last week. Odisha Mining Corporation scheduled a chrome ore auction of 124,400 t on 18 Apr'26, up 20,100 t m-o-m. Base prices were largely stable, slipping marginally by 0.5% (INR 96-131/t), while sub-40% grade fell 2% (INR 214/t), supporting overall ferro chrome price stability.

Ferro silicon prices edge up on tight supplies

Indian ferro silicon (Si 70%) prices edged up w-o-w at INR 107,000/t ($1,152/t) exw Guwahati up by INR 1,000/t ($11/t), while Bhutan prices also edged up by INR 1,000/t ($11/t) at INR 108,000/t ($1,163/t). Prices rose slightly as offerings were limited in the market with key sellers having already booked the material earlier.

Noble alloys prices reflect mixed trends w-o-w

Indian ferro molybdenum prices remained firm w-o-w to INR 3,600,000/t ($38,772/t) exw. Prices held steady amid raw material supply constraints and regular trading activity; additionally, there were no significant shifts in global sentiment.

Indian ferro vanadium prices rose by INR 13,500/t ($145/t) to INR 1,413,500/t ($15,139/t) ex-works Raipur on 15 April 2026. Gains were driven by tight supply, higher raw material costs, firm seller sentiment, and cautious yet supportive demand conditions.

Indian ferro titanium (Ti 70%, 1050 mm) prices rose slightly w-o-w by INR 3,000/t ($32/t) to INR 333,000/t ($3,568/t) ex-works. The market stayed stable, supported by steady demand, sufficient supply, and firm sentiment without major fundamental changes.

IEX spot prices rise w-o-w

Electricity prices on the Indian Energy Exchange (IEX) averaged INR 5.5/unit during 12-18 April 2026, down from INR 5.5/unit in the previous week.

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