Overall Market Remains Stable, Spot Price Holds Steady [SMM EMM Daily Review]

[SMM EMM Daily Review: Overall Market Remains Stable, Spot Prices Hold Steady] The average spot price of EMM in major production areas stood at 13,300-13,500 yuan/mt, flat MoM; the average FOB price was $1,845-1,875/mt, also flat MoM. Supply side, EMM plants showed weak willingness to actively quote, while some holders still offered room for negotiation based on actual inquiries. Demand side, downstream steel mills remained cautious in purchasing EMM, and the actual trading atmosphere was sluggish. Currently, the tug-of-war between sellers and buyers in the EMM market continues, with the overall market showing no fluctuations and spot prices holding steady.