The price of ferrosilicon in India will rise slightly in early February

As the seller has no BIS certificate, the imported materials are restricted, resulting in a shortage of raw materials. It is expected that the price of ferrosilicon in India will rise slightly in early February. It is reported that Bhutan's ex-factory price of ferrosilicon is about 126,000 rupees per ton. At the same time, the ex-factory price of Guwahati ferrosilicon is about 125,000 rupees/ton. However, a small number of manufacturers still maintain high prices. The FOB price of ferrosilicon export is 1,630 US dollars/ton, and the demand of export and domestic market is relatively moderate. A few buyers prefer the export market with better returns. Market participants are optimistic and expect the price of ferrosilicon in Bhutan to rise in the short term.