Downstream demand-side buyers are driving down prices to purchase EMM, and the spot price of EMM has dropped slightly [SMM EMM Daily Review]

[SMM EMM Daily Review: Downstream Buyers Drive Down Prices for Purchases, EMM Spot Prices Drop Slightly] The average spot price of EMM in major producing areas ranges from 13,400 to 13,500 yuan/mt, unchanged MoM; the average FOB price ranges from $1,880 to $1,910/mt, unchanged MoM. On the supply side, EMM plants' quoted prices have seen relatively small fluctuations, with many long-term contract orders being delivered as month-end approaches. On the demand side, downstream buyers are driving down prices for EMM purchases, showing relatively weak acceptance of previously high-priced EMM. Overall, the downstream demand for EMM lacks sufficient support, and spot prices are in the doldrums.