The market continues to be in a state of flux, with EMM prices remaining stable [SMM EMM Daily Review]

[SMM Daily Review of EMM: Market Continues to Grapple, EMM Prices Remain Stable] 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 $1,870 to $1,910/mt, unchanged MoM. On the supply side, the quotes from EMM plants have fluctuated relatively little, and there is no willingness to sell at a discounted price. Traders' quotes mostly follow those of the manganese plants, and spot prices remain stable. On the demand side, downstream steel mills still maintain a wait-and-see attitude towards EMM, awaiting the progress of steel tenders.