January 9 News: The average spot price of EMM in major production areas was 12,300-12,400 yuan/mt, down 50 yuan/mt MoM; the average FOB price was $1,690-1,730/mt, unchanged MoM. Supply side, some EMM plants held back from selling with weak willingness to offer actively, while a few plants maintained relatively firm quotations, but high-price transactions were difficult in the market. Demand side, downstream buyers showed weak demand for EMM and low acceptance of high-priced EMM, leading to a slight drop in EMM spot prices.
High Prices Make Transactions Difficult in the Market, Spot EMM Drops Slightly [SMM Daily Review on Electrolytic Manganese]
- Jan 09, 2025, at 1:55 pm
[SMM Daily Review on EMM: High-Price Transactions Challenging, Spot EMM Prices Drop Slightly] The average spot price of EMM in major production areas was 12,300-12,400 yuan/mt, down 50 yuan/mt MoM; the average FOB price remained stable at $1,690-1,730/mt. Supply side, some EMM plants held back from selling with weak willingness to offer actively, while a few plants maintained firm quotations, but high-price transactions were challenging in the market. Demand side, downstream buyers showed weak demand for EMM and low acceptance of high-priced EMM, leading to a slight drop in spot EMM prices.
