Ferrosilicon prices are still holding up, the price in India is...

Ferrosilicon prices are still holding up, the price in India is $1,925/t CIF, for 70% grade, and at around $1,955/t CIF for 72% grade.
This still bodes well for OM Sarawak ferrosilicon price around US$2,100/tonne for Japanese contract sales.

Indian ferro silicon prices remained firm with marginal corrections seen w-o-w as producers maintained parity with import-export offers.
According to SteelMint's assessment on 11 Feb'22, ferro silicon (70%) prices are at around INR 145,000/t exw- from both Guwahati and Bhutan.
Weekly highlights

• The smelters are receiving a lot of export inquiries, mostly from European countries. Several factors, including a gas supply shortage, high coke prices, and the Russia-Ukrainian conflict are driving up prices of ferro silicon in Europe. As a result, European buyers are more interested in the Indian material. Consequently, Indian and Bhutanese producers are more interested in overseas sales since export offers are much more profitable than domestic. Those catering to the domestic market are keeping prices firm.
  
  
• In addition, SAIL concluded a major ferro silicon auction for 11,220 tonnes at L1 price of INR 152,514/t on a 'weighted average landed cost net of set-off ' basis. The L1 is close to the current market price. As a result, producers kept their offers firm too.
  
  
• Furthermore, a good amount of material from overseas has been arriving at India's western and southern ports for around $1,925/t CIF, for 70% grade, and at around $1,955/t CIF for 72% grade. Import bookings have put some pressure on prices amid reduced demand.