India: Medium-carbon silico manganese prices decline w-o-w amid recent bulk deal

India's medium-carbon silico manganese (Mn: 53%, Si: 20%, C: 0.5% max) prices dropped by INR 1,600/t ($19/t) w-o-w to INR 78,200/t ($921/t) exw-Durgapur on 12 Dec'24. A bulk deal of around 8,000 t was recorded at INR 77,000/t ($907/t) exw, reflecting ongoing price pressure. The market remains buyer-driven, influenced by global uncertainties and weak demand, which contributed to the current price decline.