Tug-of-war between sellers and buyers continues, with EMM spot price temporarily stable [[SMM EMM Daily Review]]

[SMM EMM Daily Review: Tug-of-War Between Sellers and Buyers Persists, 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. On the supply side, EMM plants' sentiment to stand firm on quotes remains strong. Influenced by this sentiment, EMM holders have weak willingness to sell at low prices. On the demand side, downstream steel mills show weak enthusiasm for purchasing EMM, resulting in sluggish market transactions. The tug-of-war between supply and demand in the EMM market persists, with spot prices remaining stable for the time being.