India: Ferro silicon prices inch down, routine market operations continue
Indian ferro silicon prices edged down by INR 700/t ($8/t) w-o-w to INR 102,300/t ex-Guwahati ($/t) as compared to 9 Dec'24. Bhutanese prices were down by the same quantum. The market did not witness major changes, with routine trade continuing. The slight decline was attributed to bid-offer gaps. Deals of 2,800 t were recorded by BigMint this week in both regions, indicating market stability.