February 6 News: The average spot price of EMM in major production areas was 12,400-12,600 yuan/mt, flat MoM; the average FOB price was $1,700-1,740/mt, also flat MoM. Supply side, EMM plants gradually resumed production, with many holding back from selling, while some holders maintained firm quotes. Due to the strong sentiment to stand firm on quotes for other manganese alloy products, the willingness to sell EMM at low prices remained weak. Demand side, the post-holiday resumption pace is slow, and the purchasing enthusiasm for EMM is weak. Attention should still be paid to changes in demand for EMM from downstream steel mills.
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