All Parties Remain Cautious as the Electrolytic Manganese Market Runs Steadily [SMM Electrolytic Manganese Daily Review]

[SMM Daily Review on EMM: Market Participants Mostly Hold a Wait-and-See Attitude, EMM Market Remains Stable] The average spot price of EMM in major production areas was 12,400-12,500 yuan/mt, flat MoM; the average FOB price was $1,700-1,740/mt, also flat MoM. Supply side, EMM prices mostly followed the upward trend of manganese alloys, with slightly chaotic market quotations. EMM plant offers remained firm, and willingness to sell at low prices was weak. Demand side, as shipping difficulties increased, downstream buyers slowed their EMM procurement pace. Traders were actively inquiring, and attention should be paid to actual transaction performance in the future.