July 21 news: The average spot price of EMM in major production areas ranged from 13,500 to 13,600 yuan/mt, unchanged MoM; the average FOB price ranged from $1,880 to $1,920/mt, also unchanged MoM. Recently, market quotes for EMM have remained firm, with sellers still showing limited willingness to sell. The phenomenon of holding back from selling remains prevalent, and individual spot orders have seen upward price quotes. Demand remains weak, with downstream steel mills showing low acceptance and maintaining cautious procurement strategies. The wait-and-see sentiment in the market is strong.
EMM prices remain stable, with average trading performance [SMM EMM Daily Review]
- Jul 21, 2025, at 6:34 pm
[SMM EMM Daily Review: EMM Prices Hold Steady with Average Trading Performance] The average spot price of EMM in major producing areas ranges from 13,500 to 13,600 yuan/mt, unchanged MoM; the average FOB price ranges from $1,880 to $1,920/mt, unchanged MoM. Recently, the market quotes for EMM have remained firm, with the willingness to sell remaining weak. The phenomenon of holding back from selling is still prevalent, and individual spot orders have seen upward price quotes. Demand remains relatively sluggish, with downstream steel mills showing low acceptance and maintaining a cautious purchasing approach. The market is filled with a strong wait-and-see sentiment.
