The Indian export price for silico-manganese jumped by nearly 9% on Friday March 19 to the highest since Fastmarkets started to assess the market in June 2014.
Fastmarkets assessed the silico-manganese, 65% Mn min, min 16% Si, fob India price at $1,250-1,280 per tonne on Friday, up by $100 per tonne, or 8.58%, week on week. The previous high of $1,220-1,260 per tonne was achieved in February 2018."The market has shot up against a sudden surge in demand in the past week," one Indian source said. "The container shortage...