The market remained stable, with most parties adopting a wait-and-see attitude. [SMM EMM Daily Review]

SMM EMM Daily Review: Market Remains Stable with Participants Adopting a Wait-and-See Approach. The average spot price of EMM in the main production areas was 13,300-13,500 yuan/mt, flat MoM. The average FOB price was $1,845-1,875/mt, flat MoM. Supply side, most EMM plants showed weak willingness to sell at low prices, while a few EMM plants still had room for negotiation based on actual orders, but these were not the mainstream transaction prices. Demand side, downstream buyers showed weak demand for EMM, and the EMM market remained stable, with participants adopting a wait-and-see approach.