en.Wedoany.com Reported - Indian silico manganese export prices rose week-on-week, primarily driven by improved demand for Indian materials in Bangladesh, Southeast Asia, and European markets. Despite recent declines in imported manganese ore prices, export offers remained firm, indicating that demand-side factors have offset the benefits of lower raw material costs, while a stronger US dollar further supported prices. According to BigMint data, 65-16 grade silico manganese prices rose by $8/mt week-on-week to $912/mt FOB, and 60-14 grade prices increased by $15/mt week-on-week to $819/mt FOB (from Haldia or Visakhapatnam ports).

The stronger US dollar pushed up the cost of imported raw materials denominated in dollars, a key factor behind the rise in export prices. Although major manganese ore suppliers recently lowered ore prices, buyers have begun increasing bulk bookings due to concerns over tightening supply and potential further increases in alloy prices. The rise in procurement costs effectively offset the impact of lower benchmark ore prices, consolidating bullish market sentiment. Additionally, increased inquiries from Bangladesh and Southeast Asia, along with new buying interest from Europe, have injected momentum into the current price uptrend from multiple global demand sources.

Pre-monsoon stockpiling behavior also played a significant role in supporting export prices. Overseas market participants have built inventories ahead of India's monsoon season in mid-July, during which logistics disruptions and reduced operational efficiency typically constrain supply. Anticipating tighter supply, overseas buyers accelerated bulk purchases at higher prices to ensure stable alloy supply, further driving up export prices.

Supported by pre-monsoon stockpiling and demand from Bangladesh, Southeast Asia, and European markets, silico manganese export prices are expected to remain firm in the short term. Rising raw material costs denominated in dollars limit downside price potential, but subdued sentiment in the global steel market may constrain further price increases.

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