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EMM plants show strong reluctance to budge on prices, with spot prices rising slightly [SMM EMM Weekly Review]
Jul 11, 2025, at 11:47 am
[SMM Weekly Review: Strong Reluctance to Budge on Prices at Manganese Mills, Spot Prices Rise Slightly] As of Friday this week, the average domestic spot price of EMM was 13,400-13,600 yuan/mt, up 100 yuan/mt WoW from last Friday; the FOB price was $1,880-$1,920/mt, up $10/mt WoW from last Friday. According to SMM, on the supply side, manganese mills showed strong reluctance to budge on prices during the week, with firm offers, and traders mostly followed the mills' offers with slight increases, making it difficult to find low-priced goods in the market. On the demand side, downstream steel mills were cautious in purchasing high-priced EMM, adopting a wait-and-see attitude.
As of Friday this week, the average spot price of domestic electrolytic manganese (EMM) was 13,400-13,600 yuan/mt, rising by 100 yuan/mt WoW from last Friday; the FOB price was $1,880-$1,920/mt, rising by $10/mt WoW from last Friday. According to SMM, on the supply side, manganese plants had strong reluctance to budge on prices during the week, with firm offers. Traders mostly followed the manganese plants' offers and raised their prices slightly, making it difficult to find low-priced goods in the market. On the demand side, downstream steel mills were cautious about purchasing high-priced EMM and mostly adopted a wait-and-see attitude.
