EMM Continued to Keep upward Tendency in China

[Fellow]Up to now, electrolytic manganese flake keeps upward tendency with RMB14,100-14,200/mt with several reasons as below:

Up to now, electrolytic manganese flake keeps upward tendency with RMB14,100-14,200/mt with several reasons as below:

1. Production Cost- Mn ore keep firm

2. Traditional golden season in China provide some cushion for spot market

3. Good international market performance

However, the potential risk also exists amid continued high level quotation.

1. End-users consume capacity

2. Macro-policy control risk

3. Global economic situation

Given that into consideration, participants should pay more attention on global economic movement and domestic policy signal to avoid potential risk.

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·	Element 25 September 2025 Quarterly Report	10-28
·	The total inventory of manganese ore in Port of Tianjin October 23...	10-24

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