company news about What are the reasons for the rise in high carbon ferromanganese prices?

What are the reasons for the rise in high carbon ferromanganese prices?
1. Rising raw material costs: The production of high carbon ferromanganese requires a large amount of raw materials such as manganese ore and coke. If the prices of these raw materials rise, it will inevitably lead to an increase in the cost of high carbon ferromanganese.

2. Demand exceeds supply: The recovery of the global economy and the development of industries such as construction, machinery, and automobiles have led to an increase in demand for high-carbon ferromanganese. Insufficient supply is also the reason for the price increase.

3. Reduced market supply: Some high-carbon ferromanganese producers have stopped production due to environmental pressure or overcapacity, resulting in reduced market supply and rising prices.

4. Trade frictions and tariffs: There are trade frictions between some countries, and tariffs or other trade restrictions on high-carbon ferromanganese have been imposed, leading to price increases.

5. Currency depreciation: If the currency of a country producing high-carbon ferromanganese depreciates, the cost of exporting to other countries will be reduced and the price may rise.

All these reasons will lead to an increase in the price of high-carbon ferromanganese.