July 22 news: The average spot price of EMM in major production areas was 13,500-13,600 yuan/mt, unchanged MoM; the average FOB price was $1,880-$1,920/mt, unchanged MoM. On the supply side, EMM plants mostly maintained a wait-and-see sentiment, focusing on fulfilling previous long-term agreements, with some spot order offers remaining firm. Traders' quotes, following those of manganese plants, fluctuated relatively little, with room for negotiation based on actual orders. On the demand side, downstream steel mills remained cautious in their procurement of EMM, with spot prices temporarily stable.
The market is mostly in a wait-and-see sentiment, and the spot price of EMM is temporarily stable [SMM EMM Daily Review]
- Jul 22, 2025, at 5:45 pm
[SMM EMM Daily Review: Market Maintains Wait-and-See Sentiment, EMM Spot Prices Remain Stable] The average spot price of EMM in major producing areas is 13,500-13,600 yuan/mt, unchanged MoM; the average FOB price is $1,880-$1,920/mt, unchanged MoM. On the supply side, EMM plants are mostly adopting a wait-and-see sentiment, focusing on fulfilling previous long-term contracts, with some spot order quotes remaining firm. Traders' quotes, following those of manganese plants, have relatively small fluctuations, with room for negotiation based on actual orders. On the demand side, downstream steel mills remain cautious in their procurement of EMM, and spot prices remain stable.
