August 15: The spot average price of EMM in major production areas was 12,600-12,800 yuan/mt, flat MoM; the FOB average price was $1,780-1,810/mt, flat MoM. Supply side, some major EMM plants suspended quotations, mainly fulfilling long-term contract orders. Other EMM plants' quotations remained firm, but actual transaction prices were lower than quoted prices based on real inquiries. Demand side, downstream steel mills were cautious in purchasing, showing weak enthusiasm for EMM procurement. In the overseas market, downstream buyers' demand for EMM was also weak. Overall, the tug-of-war between sellers and buyers continues, and the market remains stable.
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