Manganese Series Fluctuate Downward, EMM Spot Drops Slightly [SMM EMM Daily Review]

Feb 27, 2025, at 2:23 pm

[SMM Daily Review on EMM: Manganese Products Fluctuate Downward, Spot EMM Drops Slightly] The average spot price of EMM in major production areas was 13,350-13,550 yuan/mt, down 50 yuan/mt MoM; the average FOB price remained stable at $1,855-1,885/mt. Supply side, market bullish sentiment gradually turned rational. Affected by the continued downward fluctuation of manganese alloys, EMM plant quotations were slightly lowered, and some EMM plants showed weak willingness to actively quote. Demand side, tenders from downstream steel mills were nearing completion, and the EMM market gradually returned to fundamentals.

February 26 News: The average spot price of EMM in major production areas was 13,350-13,550 yuan/mt, down 50 yuan/mt MoM; the average FOB price was $1,855-1,885/mt, unchanged MoM. Supply side, market bullish sentiment gradually became rational. Affected by the continued fluctuation downward of manganese alloys, EMM plant quotations were slightly lowered, and some EMM plants showed weak willingness to actively quote. Demand side, downstream steel mill tenders were nearing completion, and the EMM market gradually returned to fundamentals.

Selected News
Manganese

SMM

Manganese Series Fluctuate Downward, EMM Spot Drops Slightly [SMM EMM Daily Review]

[SMM Analysis] Relatively Small Cost Fluctuations as ESS Battery Cell Prices Remain Stable This Week

Spot Premiums/Discounts at Low Levels Cause Disagreements Between Buyers and Sellers; Month-End North China Market Sees Poor Trading Activity [SMM North China Copper Cathode Spot Weekly Review]