SMM

SHANGHAI, Aug 31 (SMM) – The spot prices of EMM across the main producing areas gained 100 yuan/mt from yesterday to 14,800-15,200 yuan/mt today. The FOB prices remained stable at $2,200-2,300/mt. The EMM Innovation Alliance proposed in its latest meeting that large EMM plants shall sell at 16,300 yuan/mt while small and medium-sized EMM plants shall not sell at below 15,300 yuan/mt. Market quotations were raised following the proposal.