China's price of electrolytic manganese continues to move steadily

Today, China's price of electrolytic manganese continues to move steadily. There is no obvious sign of fluctuation in the market during the week. The overall market trend lacks effective guidance. The retail price including tax, mostly ranges from 15,500-15,700 yuan/ton. Although the output release at the supply side has increased significantly recently, the manganese plants are still holding the prices and are unwilling to make price concessions, which has led to the delay of the bidding and procurement of downstream steel plants.