SHANGHAI, Feb 1 (SMM) - The average spot price of EMM in the main producing regions across China stood at 15,400-15,600 yuan/mt, flat from the previous trading day. The FOB prices stabilised at $2,250-2,300/mt. At present, the market recovered slowly after the Chinese New Year holiday. The market prices remained at around 15,400 yuan/mt and the actual transactions remained weak. Most manufacturers delivered the previous orders. It is expected that after February 5, the restocking demand from downstream enterprises may increase. Coupled with the firm ferromanganese prices, the demand for EMM may recover slightly. The market should pay attention to the bid prices offered by steel mills.
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