India: Medium-carbon silico manganese prices remain stable amid market caution

Medium-carbon silico manganese (Mn 53%, Si 20%, C max 0.5%) prices in India remained mostly stable w-o-w at INR 83,900/t ($947/t), inching down by INR 100/t ($1/t). Prices stayed largely stable due to balanced supply-demand conditions and cautious buying sentiment amid limited spot market activity. Offers were in the range of INR 83,500-84,000/t ($943-948/t), while a deal for approximately 210 t was finalised at 84,000/t ($948/t).