July 23 news: The average spot price of EMM in major production areas was 13,500-13,600 yuan/mt, unchanged MoM; the average FOB price was $1,880-$1,920/mt, unchanged MoM. Supply side, EMM plants had weak willingness to sell, and the supply in the spot market was relatively tight. Demand side, buyers' psychological prices were mostly lower than market offers. Coupled with the off-season in downstream demand, actual transactions did not follow up ideally, with fewer inquiries and no obvious fluctuations in the market.
EMM prices remain stable with few market inquiries [SMM EMM Daily Review]
- Jul 23, 2025, at 1:26 pm
[SMM EMM Daily Review: EMM Prices Remain Stable with Few Inquiries] 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. Supply side, EMM plants have low willingness to sell, and the supply in the spot market is relatively tight. Demand side, buyers' psychological prices are mostly lower than market quotes. Coupled with the off-season in downstream market demand, actual transactions are not ideal, with few inquiries and no significant fluctuations in the market.
