What are the reasons for the decline in high carbon ferromanganese prices?
1. Falling raw material prices: A large amount of raw materials such as manganese ore and coke are required in the production process of high carbon ferromanganese. If the prices of these raw materials fall, it will directly lead to a decline in the production cost of high carbon ferromanganese, thereby driving its price down.

2. Advances in production technology: With the advancement of production technology, the production efficiency of high carbon ferromanganese may increase and the cost will decrease, thus affecting the price.

3. Market supply and demand relationship: If the supply in the market is greater than the demand, it will lead to a price drop.

4. Global economic situation: The uncertainty and volatility of the global economic situation may affect the price of high carbon ferromanganese. If the global economy is sluggish and demand decreases, the price may fall.

5. The use of other substitutes: If substitutes or alternative technologies appear in the market, it may affect the demand for high carbon ferromanganese, thereby affecting the price.