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Home / Metal News / EMM Prices Remain Firm, Market Temporarily Stable [SMM EMM Daily Review]

EMM Prices Remain Firm, Market Temporarily Stable [SMM EMM Daily Review]

iconJan 20, 2025 16:36
Source:SMM
[SMM Daily Review on EMM: EMM Prices Remain Firm, Market Temporarily Stable] The average spot price of EMM in major production areas stood at 12,400-12,600 yuan/mt, flat MoM; FOB prices averaged $1,700-1,740/mt, also flat MoM. Supply side, most EMM plants are holding back from selling and mainly fulfilling long-term contracts during the week. Many traders are on holiday, with offers at a relatively high level. Demand side, downstream buyers showed low purchasing enthusiasm before the Chinese New Year and had limited acceptance of high-priced EMM.

January 20: The average spot price of EMM in major production areas was 12,400-12,600 yuan/mt, flat MoM; the average FOB price was $1,700-1,740/mt, also flat MoM. Supply side, most EMM plants are holding back from selling, focusing on fulfilling long-term contracts during the week. Many traders are on holiday, with offers at a relatively high level. Demand side, downstream buyers showed low purchasing enthusiasm before the Chinese New Year, with limited acceptance of high-priced EMM.

For queries, please contact William Gu at williamgu@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

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