Q1 2024
In Q1 2024, Silica Sand prices in India remained stable, with Ex-Bhuj prices hovering around INR 1810/MT. The market was influenced by steady demand from key industries such as glass manufacturing, construction, and foundries, alongside moderate raw material availability.
Supply constraints due to logistical challenges and mining regulations had a marginal impact, but consistent domestic consumption helped stabilize prices. Additionally, export activities remained subdued, keeping the local supply well-balanced. Moving into Q2, price movements will likely depend on seasonal demand fluctuations and potential policy changes in mining regulations.
Q2 2024
In Q2, silica sand prices in India, specifically Ex-Bhuj, saw a modest uptick of 1.1%, reaching INR 1,830/MT. The price increase was driven by stable demand from the glass, foundry, and construction sectors, coupled with logistics constraints and rising transportation costs. Additionally, steady procurement activity from ceramics and photovoltaic glass manufacturers contributed to the market firmness. However, adequate domestic supply and stable mining operations prevented any sharp price surges.
Q3 2024
In Q3, Silica Sand prices in India (Ex-Bhuj) rose to INR 1,865/MT, marking a 1.9% increase quarter-over-quarter. The price uptick was driven by steady demand from the glass, foundry, and construction sectors, coupled with rising transportation costs and logistical constraints in Gujarat. Additionally, supply chain disruptions and higher input costs contributed to the firming of prices, despite stable domestic production levels.
Q4 2024
In Q4 2024, Silica Sand prices in India witnessed a 3.7% increase, primarily driven by rising demand from the glass and construction sectors, coupled with higher transportation costs and fluctuating raw material availability. Increased infrastructure development and steady procurement from ceramics and foundry industries further fueled the price uptrend. Additionally, logistical constraints and seasonal supply fluctuations contributed to tightening market conditions, supporting price growth across major industrial hubs.