Manganese plant offers remain firm, spot price rises slightly [SMM EMM Daily Review]

[SMM EMM Daily Review: Manganese Plant Quotes Firm, Spot Prices Rise Slightly] The average spot price of EMM in major producing areas was 13,400-13,500 yuan/mt, up 50 yuan/mt MoM; the average FOB price was $1,880-$1,920/mt, up $10/mt MoM. On the supply side, EMM plants had a strong reluctance to budge on prices at the beginning of the week, with weak willingness to sell at low prices. On the demand side, downstream steel mills were cautious in purchasing EMM, with a wait-and-see sentiment. Attention should be paid to the actual procurement changes of downstream steel mills for EMM in the future market.