July 24 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 US dollars/mt, unchanged MoM. Supply side, the availability of spot cargo in the spot market remained tight. Most EMM plants continued to fulfill long-term contracts, and spot order offers increased. Demand side, the downstream market was in the off-season, with low acceptance of high-priced EMM. Actual transactions did not follow up ideally, and market sentiment remained cautious, with no significant fluctuations in the market.
Demand is slightly weak, and the spot price of EMM remains stable for the time being [SMM EMM Daily Review]
- Jul 24, 2025, at 1:00 pm
[SMM EMM Daily Review: Demand Shows Slight Weakness, EMM Spot Prices Remain Stable] 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, the availability of spot cargo in the market remains relatively tight. Most EMM plants continue to fulfill long-term contracts, with spot order quotes increasing. Demand side, the downstream market is in the off-season, with low acceptance of high-priced EMM. Actual transactions are not following up ideally, and market sentiment remains cautious, with no significant fluctuations observed in the market.
