The market largely adopted a wait-and-see attitude, and the EMM market continued to hold up well. [SMM EMM Daily Review]
- Apr 22, 2025, at 5:02 pm
SMM EMM Daily Review: Market Maintains Cautious Stance, EMM Prices Hold Up Well. The average spot price of EMM in major production areas ranged from 13,350 to 13,550 yuan/mt, flat MoM. The average FOB price stood at $1,870-1,900/mt, also flat MoM. Supply side, EMM plants maintained firm offers with weak willingness to sell at lower prices. Demand side, downstream steel mills showed low acceptance of EMM plant offers, resulting in sluggish spot order transactions.
