EMM plants show strong reluctance to budge on prices, with spot prices rising slightly [SMM EMM Weekly Review]

[SMM Weekly Review: Strong Reluctance to Budge on Prices at Manganese Mills, Spot Prices Rise Slightly] As of Friday this week, the average domestic spot price of EMM was 13,400-13,600 yuan/mt, up 100 yuan/mt WoW from last Friday; the FOB price was $1,880-$1,920/mt, up $10/mt WoW from last Friday. According to SMM, on the supply side, manganese mills showed strong reluctance to budge on prices during the week, with firm offers, and traders mostly followed the mills' offers with slight increases, making it difficult to find low-priced goods in the market. On the demand side, downstream steel mills were cautious in purchasing high-priced EMM, adopting a wait-and-see attitude.