Chinese ferromanganese market continued to decline

This week, the market price of high carbon ferromanganese continued to fluctuate and decline. The overall demand was still relatively low, the transaction fell to the edge of loss, and the manufacturers stopped production again. It is expected that the space for further decline in the future market is limited, and the supply and demand may fall into a stalemate. At present, the mainstream quotation of 65% high carbon ferromanganese manufacturers is 6700-6900 yuan / ton of ex factory including tax, down 250 yuan / ton from last week. The price of medium carbon ferromanganese also continued to reach the low level this week. The bidding price of medium carbon ferromanganese in some steel mills was only 9600-9800 yuan / ton including tax.