Ferromanganese transaction is affected by low prices

The manganese-iron market as a whole holds a strong trend of operation, but in the weather vane pricing has not landed before the industry more rational wait-and-see state. Although the market transaction is relatively quiet, the quotation of high manganese 65# factory is still firm at the level of 6,800-7,000 yuan/ton. However, the slight drop in cost drives some factories to let the price space is larger, and some low transaction still makes the operators cautious operation. While the quotation of medium manganese 75C2.0 continues to be developed at 9400 yuan/ton, and the quotation of low manganese 0.7 of a few factories shows signs of being raised to 11200-11300 yuan/ton, but the transaction is little, and the mainstream quotation still maintains the level of 11000 yuan/ton under the real single enquiry. If there is no subsequent market stimulus under the influence of big news, the ferromanganese market is expected to hold consolidation operation, and under the influence of the transfer of production capacity in November, the ferromanganese market is difficult to have significant upward space.