[SMM EMM Daily Review: Steel Tenders Enter the Market One After Another, Wait-and-See Sentiment Prevails in the EMM Market] The average spot price of EMM in major producing areas was 13,350-13,500 yuan/mt, unchanged MoM; the average FOB price was 1,870-1,900 US dollars/mt, unchanged MoM. On the supply side, EMM plants maintained firm quotations, with some holding back from selling, making it difficult to find low-priced EMM in the market. On the demand side, downstream inquiries were relatively active, but acceptance of high-priced EMM was low, resulting in sluggish actual transactions. As steel tenders enter the market one after another, the market is paying close attention to their progress.

[Delong Xiangshui stainless steel plate prices] From May 12 to May 16, 2025, the prepayment price for Delong (Xiangshui) 304 cold-rolled coil (4 feet) in the Wuxi, Jiangsu market remained unchanged at RMB 12,900. Rebates are to be determined.

[Delong Liyang Stainless Steel Plate Prices] Delong (Liyang) plate prices from May 12 to May 16, 2025: 304 cold-rolled coil, 4-foot opening price at 12,900, 5-foot opening price at 12,900, unchanged MoM.

[Delong Liyang Stainless Steel Plate Price] Delong (Liyang) plate price from May 12 to May 16, 2025: The prepayment price for 304 HRC in the Wuxi market is 12,800, flat WoW, with rebates to be determined.