EMM Prices Remain Firm, Market Temporarily Stable [SMM EMM Daily Review]

Published: Jan 20, 2025 16:36

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[SMM Daily Review on EMM: EMM Prices Remain Firm, Market Temporarily Stable] The average spot price of EMM in major production areas stood at 12,400-12,600 yuan/mt, flat MoM; FOB prices averaged $1,700-1,740/mt, also flat MoM. Supply side, most EMM plants are holding back from selling and mainly fulfilling long-term contracts during the week. Many traders are on holiday, with offers at a relatively high level. Demand side, downstream buyers showed low purchasing enthusiasm before the Chinese New Year and had limited acceptance of high-priced EMM.

January 20: The average spot price of EMM in major production areas was 12,400-12,600 yuan/mt, flat MoM; the average FOB price was $1,700-1,740/mt, also flat MoM. Supply side, most EMM plants are holding back from selling, focusing on fulfilling long-term contracts during the week. Many traders are on holiday, with offers at a relatively high level. Demand side, downstream buyers showed low purchasing enthusiasm before the Chinese New Year, with limited acceptance of high-priced EMM.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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