Ferro Silicon prices are mainly in line with market expectations, with most participants expecting a stable market till mid-September.

In Bhutan, Ferro Silicon prices remain unaltered as there is recovery in demand from buyers. 70-75 grade is being traded at around INR 77,500/MT (ex-Bhutan). Prices are stable with keener buying interest from end-users in India. Market sources said good demand has injected confidence among the Bhutanese producers. Export offers remain unchanged and deals were concluded in the range of USD 1,390-1,400/MT CIF Germany & Italy.

Similarly, in the Indian market, Ferro silicon prices are unchanged owing to low but constant demand from buyers. Indian producers are hopeful for some upward price movement in the next month, till then the market is expected to remain at a steady level. Currently, 70-75 grade is being traded at around INR 75,500/MT (ex-Guwahati).

SteelMint learned from the sources that there is confidence in the market for Ferro Silicon, as most market participants are holding an optimistic outlook with better demand expected in the coming month.

Exchange Rate: USD 1=INR 60.45

• [Editor:Phillip.Feng]