The price of Indian ferrosilicon (Si: 70%) has been rising in the past few weeks, but with increasing demand and limited supply of materials in the market, the price has increased by 1000 rupees（around 12usd） per ton.

According to a survey by Hainan West Asia Group, the price of Indian ferrosilicon is 105000 Indian rupees per ton (around 1270USD) (EXW Guwahati). Approximately 600 tons of transactions were completed within the price range of 105500-106000 rupees per ton. At the same time, Bhutan's proposal remains consistent, with a price of 105000 (around 1270USD) Indian Rupees per ton (EXW).

Price support factors

1.The wait-and-see attitude of manufacturers: The demand for stainless steel is an important factor in price increases, so most manufacturers decide to wait before engaging in trade activities. This strategy, coupled with supply restrictions in Bhutan the previous week, resulted in a shortage of materials and increased prices. 

2.The impact of stainless steel and ferrochrome on the industry: Due to the increasing demand for stainless steel, the prices of chromite and ferrochrome have increased. Given the important role of ferrosilicon in stainless steel production, its price is bound to rise.

3.China's demand recovery: Due to the resumption of production by steel mills that stopped earlier, the price of ferrosilicon in China has remained fluctuating in a range this week. Due to low inventory levels, the demand for ferrosilicon has increased. Assuming that these factories will continue to operate, this will lead to an increase in inquiries for ferrosilicon.