The EMM Market Remains Calm with Stable Prices [SMM EMM Daily Review]

The average spot price of EMM in the main production areas was 12,100-12,300 yuan/mt, unchanged from the previous working day. The FOB average price was $1,750-1,780/mt, also unchanged. Today, the EMM market remained inactive, with fewer high quotations, but EMM plants showed low willingness to sell at current prices. Most low quotations remained stable. It is expected that in the short term, the cost support for EMM prices will remain, but there is a lack of momentum for an increase, leading to a stable trend.