EMM market remains in a stalemate, with relatively small fluctuations in spot price [SMM EMM Daily Review]

[SMM EMM Daily Review: EMM Market Remains Stagnant with Relatively Small Fluctuations in Spot Prices] The average spot price of EMM in major producing areas ranges from 13,450 to 13,600 yuan/mt, unchanged MoM; the average FOB price ranges from $1,890 to $1,920/mt, unchanged MoM. On the supply side, EMM holders exhibit strong sentiment to refuse to budge on prices, with most manganese plants quoting prices at 13,500 yuan/mt. Traders continue to follow the firm quotes from manganese plants, making it difficult to find low-priced goods. On the demand side, downstream buyers maintain just-in-time procurement of EMM, with a small volume of transactions in the market. Most downstream buyers of EMM have low acceptance of high-priced EMM. The EMM market remains stagnant, with relatively small fluctuations in spot prices.