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Spot Prices of EMM Continue to Rise amid Tight Supply
Nov 29, 2022 17:45CST
Source:SMM
On November 29, the average spot price of EMM stood at 16,100-16,300 yuan/mt, up by 50 yuan/mt from the previous month.

SHANGHAI, Nov 29 (SMM) - On November 29, the average spot price of EMM stood at 16,100-16,300 yuan/mt, up by 50 yuan/mt from the previous month. At present, due to the shortage of goods, spot prices gradually rose, and low-priced goods were difficult to find. In the short term, amid the procurement of steel mills at the end of the month, the market may continue to hold the prices firm. The subsequent market prices still rely on the release of market supply and the actual demand from steel mills.
 

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