The Market Remains in a Wait-and-See Mode, Spot Prices Temporarily Stable [SMM EMM Daily Review]

[SMM EMM Daily Review: Market Remains Cautious, Spot Prices Stay Stable] The average spot price of EMM in major production areas was 13,300-13,500 yuan/mt, flat MoM; the average FOB price was $1,845-1,875/mt, also flat MoM. Supply side, most EMM holders are adopting a wait-and-see approach, holding back from selling and quoting prices based on actual inquiries. Demand side, downstream buyers show weak purchasing enthusiasm, with limited inquiries for EMM and low acceptance of high-priced EMM. In summary, the EMM market is experiencing a tug-of-war between sellers and buyers, with spot prices remaining stable.