Key Facts
In July, the electrolytic manganese market showed a pattern of “low-level deadlock and narrow fluctuations.” On the supply side, some enterprises reduced or halted production, leading to tight supply and difficulty in purchasing low-priced material. High costs supported prices, but weak demand and lower steel tender pricing left the market “difficult to rise or fall.”
Policy and Trade
Exports were constrained by lackluster overseas demand and rising freight rates, with slow deal-making. Domestic average prices edged down month-on-month, with mainstream quotations at RMB 17,800-17,900 per tonne. The market is expected to continue low-level consolidation in August; attention should focus on supply-side operating guidance, production cuts discussed at the alliance meeting, and actual steel tender results for market direction.