The market was mainly in a wait-and-see mood at the beginning of the week, with spot prices remaining stable. [SMM EMM Daily Review]

[SMM EMM Daily Review: Market Dominated by Wait-and-See Sentiment at Start of Week, Spot Prices Remain Stable] The average spot price of EMM in major producing areas was 13,450-13,600 yuan/mt, unchanged WoW; the average FOB price was $1,890-1,900/mt, unchanged WoW. Supply side, EMM plants exhibited strong sentiment to refuse to budge on prices, with weak willingness to sell at low prices. Some EMM plants held back from selling, focusing on fulfilling previous orders. Demand side, downstream buyers had low acceptance of high-priced EMM, and purchasing activity in the EMM market was sluggish. At the start of the week, the market was dominated by wait-and-see sentiment, with spot prices remaining stable.