en.Wedoany.com Reported - In the week ending June 9, 2026, Indian domestic silico manganese prices strengthened. Improved buying interest and multiple large-volume deals concluded at higher prices collectively pushed up market prices. Increased inquiries from traders and steel mills for large orders supported the price rise, while several bulk transactions established a higher benchmark for the market. Sellers reported achieving significant volumes at higher prices, reducing spot availability, with orders booked through July 2026 and even mid-August.
According to BigMint's assessment, silico manganese prices rose across all major domestic markets. Raipur prices increased by INR 800/tonne ($7/tonne) WoW to INR 76,000/tonne ex-works ($796/tonne), while Vizag prices rose by INR 800/tonne ($6/tonne) to INR 75,200/tonne ($789/tonne). Durgapur prices climbed by INR 700/tonne ($6/tonne) to INR 75,400/tonne ($792/tonne), and Raigarh prices increased by INR 800/tonne ($4/tonne) to INR 75,100/tonne ($788/tonne).
On the supply side, some producers have secured sufficient orders at improved prices, leading to limited spot availability. Many smelters have order books extending into July 2026 or even mid-August, giving sellers greater pricing power and largely withdrawing them from the spot market. Current spot ex-works offers in Raipur stand at around INR 76,500/tonne, while producers with forward orders hold firm at higher levels, with Raipur ex-works prices maintained at INR 77,000-78,000/tonne. Tight spot supply combined with a healthy order book has reinforced bullish sentiment.
The export market also provided support for price increases. Indian silico manganese export prices rose WoW, driven by improved demand from Bangladesh, Southeast Asia, and Europe. According to BigMint data, 65-16 grade prices increased by $8/tonne WoW to $912/tonne FOB, while 60-14 grade rose by $15/tonne to $819/tonne FOB Haldia/Vizag. Bulk orders increased against a backdrop of tightening supply and rising dollar-denominated raw material costs.
Looking ahead, domestic silico manganese prices are expected to remain firm and trend upward, supported by strong export demand, healthy forward orders, and tight spot supply.
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