SHANGHAI, APR 27 (SMM) - The average spot price of domestic EMM in the major producing areas declined slightly at about 15,800 yuan/mt compared with yesterday, and FOB was stable at about $2,450-$2,550/mt compared with yesterday's average price. It is heard that in the first half of the week, individual steel enterprises started the procurement of manganese products in May, and the prices did not continue to decline month on month, but there was no support for the current market prices as a whole. There is limited upward space. In addition, the downstream procurement was not active before the holiday. The supply exceeds the demand obviously as the manganese plant was in good operation. SMM expects that the EMM prices will continue to be low and stable in the second half of the week.
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