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

Published: May 27, 2025 17:41

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[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.

May 27 news: The average spot price of EMM in major producing areas was 13,450-13,600 yuan/mt, unchanged MoM; the average FOB price was $1,890-1,920/mt, unchanged MoM. On the supply side, EMM holders had a strong sentiment to refuse to budge on prices, with manganese plants mostly offering prices at 13,500 yuan/mt. Traders continued to follow the firm offers from manganese plants, making it difficult to find low-priced supplies. On the demand side, downstream buyers maintained just-in-time procurement of EMM, with a small volume of transactions in the market. Most downstream buyers of EMM had low acceptance of high-priced EMM, leading to a stalemate in the EMM market, with relatively small fluctuations in spot prices.

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