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China's electrolytic manganese market fell again under pressure. Although many manganese factories' open prices were high, some of them reduced prices to seek shipments. The retail price fell to 15,300-15,500 yuan/ton for negotiation, and even some orders were lower. The performance of steel mills' bidding prices was also not ideal.
It is heard that some big steel plants are willing to lower the acceptance price of manganese ingots in March, and there are signs of a slight decline in the price in February compared with the previous month, which further aggravates the pessimism and anxiety in the market. The overall trend may still be not optimistic in the short term.