June 3 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 1,890-1,920 US dollars/mt, unchanged MoM. On the supply side, after the Dragon Boat Festival, the quotes from EMM plants fluctuated relatively small, with factories maintaining firm quotes. Traders followed the firm quotes from manganese plants, making it difficult to find low-priced cargoes in the market. On the demand side, downstream buyers made small purchases of EMM during the Dragon Boat Festival, with most still adopting a wait-and-see attitude towards the sentiment of manganese plants after the festival.
Market quotes fluctuated relatively small after the holiday, with the spot price of EMM remaining stable [SMM EMM Daily Review]
- Jun 03, 2025, at 3:54 pm
[SMM EMM Daily Review: Market Quotations Fluctuate Relatively Small After Holiday, EMM Spot Prices Remain Stable] The average spot price of EMM in major producing areas ranges from 13,450 to 13,600 yuan/mt, unchanged MoM; the average FOB price ranges from $1,890 to $1,920/mt, unchanged MoM. Supply side, after the Dragon Boat Festival, the quotations of EMM plants fluctuate relatively small, with factories maintaining firm quotations. Traders follow the firm quotations of manganese plants, making it difficult to find low-priced goods in the market. Demand side, downstream buyers made small purchases of EMM during the Dragon Boat Festival, with most still adopting a wait-and-see attitude towards the sentiment of manganese plants after the holiday.
