The market remains in a stalemate, with spot prices temporarily stable [SMM EMM Daily Review]

Published: Jun 17, 2025 16:43

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[SMM EMM Daily Review: Market Remains Stalemate, Spot Prices Stabilize Temporarily] The average spot price of EMM in major producing areas ranges from 13,400 to 13,500 yuan/mt, unchanged MoM; the average FOB price ranges from $1,880 to $1,910/mt, unchanged MoM. In terms of supply, EMM quotations remain firm, with factories showing weak willingness to sell at low prices, focusing mainly on order fulfillment, resulting in slightly tight spot supply. On the demand side, downstream steel mills generally adopt a cautious procurement attitude towards EMM, waiting to see the progress of steel tenders.

June 17 news: The average spot price of electrolytic manganese (EMM) in major producing areas was 13,400-13,500 yuan/mt, unchanged MoM; the average FOB price was $1,880-1,910/mt, unchanged MoM. In terms of supply, EMM offers remained firm, with factories showing weak willingness to sell at low prices, focusing mainly on order fulfillment, resulting in slightly tight spot supply. On the demand side, downstream steel mills generally adopted a cautious procurement attitude towards EMM, waiting to see the progress of steel tenders.

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.

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