June 26: The average spot price of EMM in major producing areas was 13,400-13,500 yuan/mt, unchanged MoM; the average FOB price was $1,880-$1,910/mt, unchanged MoM. On the supply side, the external offers of EMM plants fluctuated relatively small, and most long-term agreement orders were delivered as month-end approached. On the demand side, downstream buyers drove down prices when purchasing EMM, and their acceptance of EMM at high prices in the early stage was relatively weak. Overall, the downstream demand for EMM lacked sufficient support, and the spot price was in the doldrums.
Downstream demand-side buyers are driving down prices to purchase EMM, and the spot price of EMM has dropped slightly [SMM EMM Daily Review]
- Jun 26, 2025, at 3:17 pm
[SMM EMM Daily Review: Downstream Buyers Drive Down Prices for Purchases, EMM Spot Prices Drop Slightly] The average spot price of EMM in major producing areas ranges from 13,400 to 13,500 yuan/mt, unchanged MoM; the average FOB price ranges from $1,880 to $1,910/mt, unchanged MoM. On the supply side, EMM plants' quoted prices have seen relatively small fluctuations, with many long-term contract orders being delivered as month-end approaches. On the demand side, downstream buyers are driving down prices for EMM purchases, showing relatively weak acceptance of previously high-priced EMM. Overall, the downstream demand for EMM lacks sufficient support, and spot prices are in the doldrums.
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