Low-priced supplies are hard to find in the market, and the spot price of EMM remains stable for the time being. [SMM EMM Weekly Review]

Published: May 23, 2025 14:46

Save

[SMM Weekly Review: Low-Priced EMM Spot Cargo Hard to Find, EMM Spot Price Remains Stable] As of Friday this week, the domestic average spot price of EMM was 13,450-13,600 yuan/mt, unchanged WoW from last Friday; the FOB price was $1,890-1,920/mt, up $10/mt WoW from last Friday. According to SMM, on the supply side, EMM plants held firm on their quotes, with some holding back from selling and focusing on fulfilling long-term contract orders. Traders largely followed the quotes of EMM plants, making low-priced EMM spot cargo hard to find in the market. On the demand side, downstream steel mills remained cautious about EMM, with traders making small purchases of EMM. Overall, the tug-of-war between sellers and buyers in the EMM market continued, and the spot price remained stable.

As of this Friday, the average spot price of domestic electrolytic manganese (EMM) was 13,450-13,600 yuan/mt, unchanged WoW from last Friday. The FOB price was 1,890-1,920 US dollars/mt, up 10 US dollars/mt WoW from last Friday. According to SMM, on the supply side, EMM plants held firm on their offers, with some holding back from selling and focusing on fulfilling long-term contracts. Traders largely followed the manganese plants' firm offers, making it difficult to find low-priced supplies in the market. On the demand side, downstream steel mills remained cautious about EMM, with traders making only small purchases. Overall, the tug-of-war between sellers and buyers in the EMM market continued, with spot prices remaining stable for the time being.

》Click to view SMM's spot manganese quotes

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

17 hours ago

Before the holiday, the black chain is unlikely to see a trend-driven market [SMM Steel Industry Chain Weekly Report].

This week, ferrous metals were in the doldrums, with coking coal and coke staging a mid-week rise. At the beginning of the week, financial markets experienced sharp fluctuations, dragging down sentiment in the ferrous chain and leading to a pullback in futures. Mid-week, Indonesia's cut to coke production quotas drove coking coal and coke futures to lead the gains, though the impact was more pronounced on thermal coal, while coking coal's rise was largely sentiment-driven and short-lived. In the latter part of the week, finished products continued their seasonal inventory buildup, and support from the raw material side weakened, causing the entire ferrous chain to pull back. In the spot market, with the Chinese New Year holiday approaching, purchasing activity slowed down further, with end-users only making limited, as-needed purchases at low prices.

17 hours ago

MMi Daily Iron Ore Report (February 6)

Today, the DCE iron ore futures continued to hit bottom today, with the most-traded contract I2605 closing at 760.5 yuan/mt, down 1.23% from the previous trading day. Spot prices fell by 5–10 yuan/mt compared to the previous trading day.

17 hours ago

[SMM Chromium Daily Review] Inquiries and Transactions Weakened, Chromium Market Showed Mediocre Performance Before the Holiday

[SMM Chrome Daily Review: Trading and Inquiries Weakened, Chrome Market Showed Mediocre Performance Before the Holiday] February 6, 2026: Today, the ex-factory price of high-carbon ferrochrome in Inner Mongolia was 8,500-8,600 yuan/mt (50% metal content), flat MoM from the previous trading day...

17 hours ago