Tug-of-war between sellers and buyers continues, spot price remains stable for the time being [SMM EMM Daily Review]

[SMM EMM Daily Review: Tug-of-War Between Sellers and Buyers Persists, Spot Prices Remain Stable] The average spot price of EMM in major producing areas is 13,450-13,600 yuan/mt, unchanged MoM; the average FOB price is 1,890-1,900 US dollars/mt, unchanged MoM. On the supply side, EMM plants are holding firm on their quotes, with a weak willingness to sell actively, leading to tight spot cargo availability in the market. Traders continue to follow the firm quotes from manganese plants, making it difficult to find low-priced cargo in the market. On the demand side, downstream buyers have low acceptance of high-priced EMM and are cautious in their purchases. The tug-of-war between supply and demand in the EMM market persists, with spot prices remaining stable.