SMM

Today, the spot price of EMM in the main production areas averaged 12,000-12,200 yuan/mt, flat compared with the previous working day. The FOB price averaged $1,715-1,745/mt, also flat compared with the previous working day. Supply side, EMM plants showed a strong sentiment to hold prices firm and some held back from selling. Demand side, market activity increased, and inquiries for EMM from buyers rose. In the short term, the EMM market shows an upward trend. Attention should be paid to the actual transactions and the impact of tenders on the market.