The price of ferrosilicon in India rose slightly

The price of ferrosilicon in India rose slightly, in line with the quotation of Bhutan. However, China's ferrosilicon prices fluctuated in a narrow range. This resulted in Bhutan's offer unchanged from last week. It is reported that the ex factory price of Guwahati 70% ferrosilicon increased by 1300 rupees / ton to 159300 rupees / ton, while the ex factory price in Bhutan was 160000 rupees / ton. As most major smelters have sold out ferrosilicon, while other smelters are busy bidding, the supply of manufacturers is limited this month. Further promote the manufacturers of Guwahati to raise prices. In addition, the price of metallurgical coke in the eastern region increased from 39500 rupees / ton at the beginning of this month to 48000 rupees / ton, an increase of about 22%. This also prompted ferrosilicon manufacturers to increase their quotation. On the contrary, due to the flat performance of trade and demand and the decline of steel prices, small steel mills are under pressure to avoid ordering ferrosilicon at high prices.