May 20 news: The average spot price of EMM in major producing areas was 13,450-13,600 yuan/mt, unchanged MoM; the average FOB price was 1,890-1,900 US dollars/mt, unchanged MoM. On the supply side, EMM plants maintained firm quotes, with weak willingness to sell actively, leading to tight spot cargo availability in the market. Traders continued to follow the firm quotes of manganese plants, making it difficult to find low-priced cargo in the market. On the demand side, downstream buyers had low acceptance of high-priced EMM and were cautious in purchasing EMM. The tug-of-war between sellers and buyers in the EMM market continued, with spot prices remaining stable for the time being.
Tug-of-war between sellers and buyers continues, spot price remains stable for the time being [SMM EMM Daily Review]
- May 20, 2025, at 2:40 pm
[SMM EMM Daily Review: Tug-of-War Between Sellers and Buyers Persists, Spot Prices Remain Stable] The average spot price of EMM in major producing areas is 13,450-13,600 yuan/mt, unchanged MoM; the average FOB price is 1,890-1,900 US dollars/mt, unchanged MoM. On the supply side, EMM plants are holding firm on their quotes, with a weak willingness to sell actively, leading to tight spot cargo availability in the market. Traders continue to follow the firm quotes from manganese plants, making it difficult to find low-priced cargo in the market. On the demand side, downstream buyers have low acceptance of high-priced EMM and are cautious in their purchases. The tug-of-war between supply and demand in the EMM market persists, with spot prices remaining stable.
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