Low-priced supplies are hard to find in the market, and the spot price of EMM remains stable for the time being. [SMM EMM Weekly Review]
[SMM Weekly Review: Low-Priced EMM Spot Cargo Hard to Find, EMM Spot Price Remains Stable] As of Friday this week, the domestic average spot price of EMM was 13,450-13,600 yuan/mt, unchanged WoW from last Friday; the FOB price was $1,890-1,920/mt, up $10/mt WoW from last Friday. According to SMM, on the supply side, EMM plants held firm on their quotes, with some holding back from selling and focusing on fulfilling long-term contract orders. Traders largely followed the quotes of EMM plants, making low-priced EMM spot cargo hard to find in the market. On the demand side, downstream steel mills remained cautious about EMM, with traders making small purchases of EMM. Overall, the tug-of-war between sellers and buyers in the EMM market continued, and the spot price remained stable.
As of this Friday, the average spot price of domestic electrolytic manganese (EMM) was 13,450-13,600 yuan/mt, unchanged WoW from last Friday. The FOB price was 1,890-1,920 US dollars/mt, up 10 US dollars/mt WoW from last Friday. According to SMM, on the supply side, EMM plants held firm on their offers, with some holding back from selling and focusing on fulfilling long-term contracts. Traders largely followed the manganese plants' firm offers, making it difficult to find low-priced supplies in the market. On the demand side, downstream steel mills remained cautious about EMM, with traders making only small purchases. Overall, the tug-of-war between sellers and buyers in the EMM market continued, with spot prices remaining stable for the time being.
》Click to view SMM's spot manganese quotes
