Reluctance to budge on prices for EMM remains strong before the holiday, with spot prices temporarily stable. [SMM EMM Daily Review]

[SMM EMM Daily Review: Reluctance to Budge on EMM Prices Persists Before the Holiday, Spot Prices Remain Stable] The average spot price of EMM in major producing areas ranges from 13,450 to 13,600 yuan/mt, unchanged MoM; the average FOB price ranges from $1,890 to $1,920/mt, unchanged MoM. Supply side, the reluctance to budge on EMM prices persists before the Dragon Boat Festival, with EMM holders refusing to sell at low prices, and quoted prices remaining relatively stable. Demand side, downstream buyers continue to make just-in-time procurement of EMM, with some buyers remaining cautious and adopting a wait-and-see sentiment towards high-priced EMM.