At the beginning of the week, the market mostly adopted a wait-and-see attitude, and the spot price remained stable. [SMM EMM Daily Review]

SMM EMM Daily Review: Market Maintains Wait-and-See Attitude at the Start of the Week, Spot Prices Remain Stable. 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 adopted a wait-and-see attitude at the start of the week, with a weak willingness to sell at low prices, while some plants still had room for negotiation based on actual orders. Demand side, downstream buyers showed weak demand for EMM, and the EMM market remained stable at the start of the week, with all parties maintaining a wait-and-see attitude.