Manganese Market is in Stalemate amid the Procurement of Steel Mills

Published: Dec 06, 2022 17:33 (GMT+8)

Source: SMM

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The average spot price of EMM stood at 16,100-16,300 yuan/mt, flat from the previous month.

SHNAGHAI, Dec 6 (SMM) - The average spot price of EMM stood at 16,100-16,300 yuan/mt, flat from the previous month. At present, the EMM market was relatively chaotic, and the market saw high and low prices, and there was still a certain pressure on the actual transactions at high prices. In addition, although the supply declined recently, the supply was still loose. In the short term, the supply and demand were still important. Amid the procurement of steel mills, there was limited room for concessions from upstream and downstream. However, in terms of fundamentals, the prices may decline in the future. But it cannot be ruled out that other factors may also lead to the price decline. In the short term, the market should pay attention to the bid prices of steel mills.

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