China's electrolytic manganese prices dropped slightly again

Today, the price of domestic electrolytic manganese dropped slightly again, and the mainstream price of spot ex-factory cash with tax dropped to 15300-15400 yuan/ton, which was mainly caused by the expansion of the range of price reduction in the steel plant bidding. At present, the acceptance price of the steel plant electrolytic manganese bidding with tax fell by 230-500 yuan/ton from the previous round of price. The output release at the supply side was relatively high, while the performance at the demand side was relatively insufficient, and the industry was not optimistic about the future market.