January 8 News: The average spot price of EMM in major production areas was 12,300-12,500 yuan/mt, flat MoM compared to the previous working day; the average FOB price was $1,690-1,730/mt, also flat MoM. On the raw material side, sulphuric acid prices remained high, and EMM was strongly supported by costs, leading to weak willingness to sell at low prices from manganese plants. Market inquiries were relatively active, but actual transactions were moderate, with limited procurement of EMM by downstream steel mills. Overall, manganese plants have limited room for price concessions, and the EMM spot market is currently operating steadily.
Manganese Plants Maintain Sentiment to Stand Firm on Quotes, Spot Market Remains Temporarily Stable [SMM Daily Review on EMM]
- Jan 08, 2025, at 2:59 pm
[SMM EMM Daily Review: Sentiment to Stand Firm on Quotes Persists Among Manganese Plants, Spot Market Remains Stable] The average spot price of EMM in major production areas was 12,300-12,500 yuan/mt, flat MoM from the previous working day; the average FOB price was $1,690-1,730/mt, also flat MoM. On the raw material side, sulphuric acid prices remained high, and EMM was strongly supported by costs, leading to weak willingness to sell at low prices among manganese plants. Market inquiries were relatively active, but actual transactions were moderate, with limited procurement of EMM by downstream steel mills. Overall, the room for price concessions by manganese plants was limited, and the EMM spot market is currently operating steadily.
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