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The price of silicon manganese in India fell slightly due to the weakening of domestic and export demand for manganese alloy in India. In addition, the price of manganese ore has also fallen recently, and buyers also take this opportunity to reduce the price.
Downstream demand is weak, and the market has depressed the price of silicon manganese, leading to a downturn in the market. There are several transactions on the market with low prices, which also depress the price of silicon manganese. The ex factory quotation of silicon manganese of Raipur manufacturer was about 73300 rupees/ton, stable compared with last week, while that of Durgapur manufacturer was 74200 rupees/ton, slightly lower than last week. At the same time, the ex factory quotation of 60-14 silicon manganese in Raipur is currently maintained at 74,000-77,000 rupees/ton, while the ex factory quotation of silicon manganese in Dulgapur is 73,000-76,000 rupees/ton. However, due to weak demand, traders in the two markets quoted between 72000 and 76000 rupees/ton.
60-14 silicon manganese export quotation is about 920 dollars/ton, while 65-16 silicon manganese export quotation is about 1020 dollars/ton. There were few overseas inquiries, and the export price of silicon manganese fell.