India Medium Carbon Silico Manganese Up INR 300/tonne Week-on-Week on June 4

en.Wedoany.com Reported - In the week ending June 4, Indian medium carbon silico manganese prices edged up, driven by stable domestic trading activity and favorable export opportunities. Medium carbon silico manganese (Mn 53%, Si 20%, C max 0.5%) was quoted at INR 87,800/tonne ($917/tonne) ex-works Durgapur, up INR 300/tonne ($3/tonne) week-on-week.

Market sentiment remained positive, with suppliers maintaining firm offers amid steady buying interest from domestic and overseas consumers. The quotation range was INR 87,400-88,200/tonne ($912-921/tonne), with around 250 tonnes transacted at INR 88,000/tonne ($919/tonne) during the assessment period. Sustained export inquiries and balanced supply-demand fundamentals helped maintain market confidence, with buyers continuing to procure on a need basis.

However, manganese ore miner South32 has lowered its offer to China for July 2026, potentially exerting downward pressure. The price for Mn37% South African semi-carbonate manganese ore lump was set at $4.85/dry metric tonne unit, down $0.15/dry metric tonne unit from June.

Supported by stable demand, export inquiries, and balanced market fundamentals, Indian medium carbon silico manganese prices are expected to remain firm. South32's lower offer may weaken cost support, but stable demand could offset its impact next week.

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