Market Remains Cautious After Holiday, EMM Spot Price Stabilizes Temporarily [SMM EMM Daily Review]

[SMM EMM Daily Review: Market Adopts Wait-and-See Approach Post-Holiday, EMM Spot Prices Remain Stable] The average spot price of EMM in major producing areas is 13,350-13,500 yuan/mt, unchanged MoM; the average FOB price is $1,870-1,900/mt, unchanged MoM. Supply side, EMM plants' willingness to sell at low prices is weak post-holiday, and sentiment to stand firm on quotes persists. Some EMM plants plan to reduce or halt production after the Labour Day holiday due to raw material shortages. Demand side, downstream buyers made a small amount of just-in-time procurement of EMM before the Labour Day holiday, and most downstream buyers adopted a wait-and-see attitude post-holiday.