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Home / Metal News / Stalemate Continues as EMM Market Remains Stable [SMM Daily EMM Review]

Stalemate Continues as EMM Market Remains Stable [SMM Daily EMM Review]

iconMar 10, 2025 06:42
Source:SMM
[SMM EMM Daily Review: Stalemate and Game Continue, EMM Market Temporarily Stable] The average spot price of EMM in major production areas stood at 13,300-13,500 yuan/mt, flat MoM; FOB average price was $1,845-1,875/mt, also flat MoM. Supply side, EMM plant offers remained firm, with weak willingness to sell at low prices. Most traders held back from selling, maintaining inquiry-based quotations for actual transactions. Demand side, downstream EMM procurement remained cautious, with weak acceptance of high-priced EMM. Spot prices encountered resistance in moving upward.

March 10 News: The average spot price of EMM in major production areas was 13,300-13,500 yuan/mt, flat MoM; the average FOB price was $1,845-1,875/mt, also flat MoM. Supply side, EMM plant offers remained firm, with weak willingness to sell at low prices. Many traders held back from selling and maintained inquiry-based pricing for actual transactions. Demand side, downstream buyers of EMM were cautious, showing low acceptance of high-priced EMM, and spot prices encountered resistance to upward movement.

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

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