Market Sentiment Divided, Spot Price Drops Slightly [[SMM EMM Daily Review]]

[SMM EMM Daily Review: Polarized Market Sentiment, Spot Prices Drop Slightly] The average spot price of EMM in major producing areas was 13,350-13,500 yuan/mt, down 25 yuan/mt MoM. The average FOB price was $1,870-1,900/mt, unchanged MoM. Supply side, market sentiment is currently polarized. Some holders are firm in their quotes, following manganese plants, and have weak willingness to sell at low prices before the holiday. In addition, some holders have a strong willingness to sell actively before the holiday, with quotes dropping slightly. Demand side, market inquiries are slightly active, with downstream traders making just-in-time procurement in small quantities. It is still necessary to monitor the actual downstream procurement situation in the future market.