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

Published: Jul 11, 2025 11:47

Save

[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.

As of Friday this week, the average spot price of domestic electrolytic manganese (EMM) was 13,400-13,600 yuan/mt, rising by 100 yuan/mt WoW from last Friday; the FOB price was $1,880-$1,920/mt, rising by $10/mt WoW from last Friday. According to SMM, on the supply side, manganese plants had strong reluctance to budge on prices during the week, with firm offers. Traders mostly followed the manganese plants' offers and raised their prices slightly, making it difficult to find low-priced goods in the market. On the demand side, downstream steel mills were cautious about purchasing high-priced EMM and mostly adopted a wait-and-see attitude.

》Click to view SMM's spot manganese quotes

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

1 hour ago

[SMM Ningbo HRC Inventory] Ningbo Inventory Continues Destocking

This week, the large-sample inventory of Ningbo HRC stood at 362,000 mt, down 23,000 mt WoW (-5.97%), and up 24.23% YoY on a lunar calendar basis.

1 hour ago

18 hours ago

6.00 SMM Global Steel Daily Report

[Turkey] Dragged down by market weakness, Turkish domestic rebar prices edged down by 1 USD/tonne to 591.5 USD/tonne EXW. As the depreciation of the lira continues to push up local currency costs, domestic traders have largely adopted promotional pricing strategies, offloading inventories at levels below mill dollar offers. Although mills attempted to hold prices firm last week, they were forced to compromise amid sluggish demand: some mills in the Marmara region lowered their offers by 5 USD/tonne to 605-610 USD/tonne EXW, while offers from Izmir mills also dropped to 585-590 USD/tonne EXW. On the macroeconomic front, rising costs stemming from geopolitical conflicts and a high-interest-rate environment continue to suppress downstream demand, with the market generally expecting limited room for a summer construction rebound. Export activity remains equally subdued, with EU buyers showing insufficient interest in purchasing Turkish material.

18 hours ago

[SMM HRC Daily Trading Volume] Spot HRC trading improved slightly

[SMM HRC Daily Trading Volume] On June 9, the total daily trading volume of hot-rolled coil among sample enterprises in four SMM cities (Shanghai, Lecong, Tianjin, Ningbo) was 13,000 mt, up 420 mt, or 3.1%, DoD, down 7.60% calendar YoY, and up 30.92% lunar YoY.

18 hours ago