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The spot silicon manganese market continues to decline in China, with ex factory prices of 7700-8000 yuan/ton of silicon manganese 6517, down 200-300 yuan/ton.
Today, market participants hold a wait-and-see attitude towards the manganese ore market due to market fluctuations. Downstream alloy plants and the traders are buying more cautiously, with varying market attitudes and varying prices. There are relatively few transactions in the market, with South African carbonates manganese ore priced at 52-54 yuan/dmtu. The wait-and-see sentiment for manganese ore in Qinzhou Port has also increased, with fewer active offers and inquiries.