Major Areas Electrolytic Manganese
SMM-MN-EM-001USD/tonne
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Commodity
Manganese
Location
Ningxia, Guangxi, Hunan, Guizhou, Chongqing, China
Definition
Ex-works, China
Quality
Mn99.7%, conforming to YB/T 051-2015
VAT Rate
Original price includes 13% VAT Rate
Tax Rebate Rate
No tax rebate rate
Partial Price Collection Notes
Overview:Upstream raw materials such as manganese ore and sulphuric acid remain high and firm, providing bottom support for manganese prices and limiting significant downside room; however, the downstream is in the traditional consumption off-season, with steel mill tender volumes shrinking, total procurement pulling back MoM, and the push for lower prices continuing. End-user stockpiling willingness is low, and a wait-and-see sentiment is strong. Spot demand lacks support, and prices are slowly grinding lower.
Downstream: The July acceptance-based delivered VAT-inclusive price of EMM flake to steel mills was 18,350 yuan/mt, down 40 yuan/mt from the previous tender purchase price.
Downstream: The average tender transaction price for steel mills in July was basically flat compared with June, but the total tender purchase volume fell by several hundred mt MoM, with the industry still in the traditional consumption off-season.
Upstream: The current spot market quotation is 17,800 yuan/mt, and the market is caught in a dilemma between upward and downward movements. Downstream steel mill tender volumes are generally weak, with the demand side lacking effective market support; however, if prices continue to decline, manganese producers will likely initiate production cuts to control output.
Upstream: Upstream raw materials remain elevated, providing bottom support for EMM prices; however, downstream purchasing and stockpiling willingness is low, market wait-and-see sentiment is strong, and spot prices are grinding lower.
Historical Data
Daily
1 Month
SMM-MN-EM-001
Major Areas Electrolytic Manganese
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Specification
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Jul 24, 2026
Partial Price Collection Notes
Overview:Upstream raw materials such as manganese ore and sulphuric acid remain high and firm, providing bottom support for manganese prices and limiting significant downside room; however, the downstream is in the traditional consumption off-season, with steel mill tender volumes shrinking, total procurement pulling back MoM, and the push for lower prices continuing. End-user stockpiling willingness is low, and a wait-and-see sentiment is strong. Spot demand lacks support, and prices are slowly grinding lower.
Downstream: The July acceptance-based delivered VAT-inclusive price of EMM flake to steel mills was 18,350 yuan/mt, down 40 yuan/mt from the previous tender purchase price.
Downstream: The average tender transaction price for steel mills in July was basically flat compared with June, but the total tender purchase volume fell by several hundred mt MoM, with the industry still in the traditional consumption off-season.
Upstream: The current spot market quotation is 17,800 yuan/mt, and the market is caught in a dilemma between upward and downward movements. Downstream steel mill tender volumes are generally weak, with the demand side lacking effective market support; however, if prices continue to decline, manganese producers will likely initiate production cuts to control output.
Upstream: Upstream raw materials remain elevated, providing bottom support for EMM prices; however, downstream purchasing and stockpiling willingness is low, market wait-and-see sentiment is strong, and spot prices are grinding lower.
Historical Data
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3M
6M
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