The market is mostly in a wait-and-see sentiment, and the spot price of EMM is temporarily stable [SMM EMM Daily Review]

[SMM EMM Daily Review: Market Maintains Wait-and-See Sentiment, EMM Spot Prices Remain Stable] The average spot price of EMM in major producing areas is 13,500-13,600 yuan/mt, unchanged MoM; the average FOB price is $1,880-$1,920/mt, unchanged MoM. On the supply side, EMM plants are mostly adopting a wait-and-see sentiment, focusing on fulfilling previous long-term contracts, with some spot order quotes remaining firm. Traders' quotes, following those of manganese plants, have relatively small fluctuations, with room for negotiation based on actual orders. On the demand side, downstream steel mills remain cautious in their procurement of EMM, and spot prices remain stable.