On the demand side, buyers often drive down prices to purchase EMM, and the spot price is under pressure [SMM EMM Weekly Review]
[SMM Weekly Review: Buyers Drive Down Prices for EMM Purchases, Spot Prices Under Pressure] As of Friday this week, the domestic average spot price of EMM was 13,350-13,450 yuan/mt, down 50 yuan/mt WoW from last Friday; the FOB price was $1,870-$1,910/mt, down $5/mt WoW from last Friday. According to SMM, on the supply side, EMM plants mostly delivered long-term agreement orders, with relatively small fluctuations in spot quotes. Traders mostly followed the quotes from manganese plants, which were relatively firm, but there was still room for negotiation in actual orders. On the demand side, downstream buyers drove down prices for EMM purchases, with slightly looser market transactions, and spot prices were under pressure.
As of Friday this week, the average spot price of domestic electrolytic manganese (EMM) was 13,350-13,450 yuan/mt, down 50 yuan/mt WoW from last Friday; the FOB price was $1,870-1,910/mt, down $5/mt WoW from last Friday. According to SMM, on the supply side, EMM plants were mostly fulfilling long-term agreement orders, and the fluctuations in spot offers were relatively small. Traders mostly followed the offers of manganese plants, which were relatively firm, but there was still room for negotiation in actual orders. On the demand side, downstream buyers were driving down prices when purchasing EMM, and market transactions loosened slightly, with spot prices under pressure.
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