India: SiMn export prices drop by $15/t amid surplus supply, weak demand

Source: BigMint Nov 21, 2024 08:30

Chinese exporters adopt aggressive pricing strategy. Demand from Europe shows no signs of recovery.

Indian silico manganese export offers fell marginally by approximately $15/tonne (t) w-o-w, primarily due to weak global demand and surplus supply. These factors, along with Chinese exporters' aggressively low offers, have led to bearish sentiments dominating the market. BigMint's assessment on 18 November 2024 revealed relatively stable prices: the 65-16