May 12 news: The average spot price of electrolytic manganese (EMM) in major producing areas was 13,350-13,500 yuan/mt, unchanged MoM. The average FOB price was $1,870-1,900/mt, also unchanged MoM. On the supply side, EMM plants continued to offer firm prices, with some holding back from selling, making it difficult to find low-priced EMM in the market. On the demand side, downstream inquiries were relatively active, but acceptance of high-priced EMM was low, resulting in sluggish actual transactions. Steel tenders have gradually entered the market, and the market is closely monitoring their progress.
Steel tenders are entering the market one after another, and the EMM market is mostly holding a wait-and-see sentiment [SMM EMM Daily Review]
- May 12, 2025, at 1:51 pm
[SMM EMM Daily Review: Steel Tenders Enter the Market One After Another, Wait-and-See Sentiment Prevails in the EMM Market] The average spot price of EMM in major producing areas was 13,350-13,500 yuan/mt, unchanged MoM; the average FOB price was 1,870-1,900 US dollars/mt, unchanged MoM. On the supply side, EMM plants maintained firm quotations, with some holding back from selling, making it difficult to find low-priced EMM in the market. On the demand side, downstream inquiries were relatively active, but acceptance of high-priced EMM was low, resulting in sluggish actual transactions. As steel tenders enter the market one after another, the market is paying close attention to their progress.
