Downstream Purchasing Active, EMM Export Volume Increased MoM [SMM Analysis]

[SMM Analysis: Active Downstream Purchasing Drives EMM Export Volume Up MoM] According to the latest release by the General Administration of Customs, SMM statistics show that in December 2024, China's exports of unwrought manganese, scrap, and powder totaled 28,279 mt, up 3.37% MoM and up 10.00% YoY. Exports of wrought manganese and manganese products totaled 2,759 mt, down 33.55% MoM and down 1.36% YoY. The total export volume of EMM and manganese products in December 2024 was 31,000 mt, down 1.50% MoM. The main reasons for the increase in export volume in December were the stocking demand from overseas customers around the Christmas period. Additionally, downstream steel mills had winter stockpiling demand, leading to increased purchasing activity for EMM. Customers also increased their stockpiling to ensure stable raw material supply. As a result, the total export volume of EMM and manganese products increased in December.