March 10 News: The average spot price of EMM in major production areas was 13,300-13,500 yuan/mt, flat MoM; the average FOB price was $1,845-1,875/mt, also flat MoM. Supply side, EMM plant offers remained firm, with weak willingness to sell at low prices. Many traders held back from selling and maintained inquiry-based pricing for actual transactions. Demand side, downstream buyers of EMM were cautious, showing low acceptance of high-priced EMM, and spot prices encountered resistance to upward movement.
Stalemate Continues as EMM Market Remains Stable [SMM Daily EMM Review]
- Mar 10, 2025, at 2:42 pm
[SMM EMM Daily Review: Stalemate and Game Continue, EMM Market Temporarily Stable] The average spot price of EMM in major production areas stood at 13,300-13,500 yuan/mt, flat MoM; FOB average price was $1,845-1,875/mt, also flat MoM.
Supply side, EMM plant offers remained firm, with weak willingness to sell at low prices. Most traders held back from selling, maintaining inquiry-based quotations for actual transactions.
Demand side, downstream EMM procurement remained cautious, with weak acceptance of high-priced EMM. Spot prices encountered resistance in moving upward.
