EMM prices remain stable for now, with strong reluctance to budge on prices in the market [SMM EMM Daily Review]

Published: Jul 17, 2025 13:54

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[SMM EMM Daily Review: EMM Prices Remain Stable with Strong Reluctance to Budge on Prices in the Market] The average spot price of EMM in major production areas is 13,500-13,600 yuan/mt, unchanged MoM; the average FOB price is $1,880-$1,920/mt, unchanged MoM. Recently, the futures market performance of SiMn has been relatively strong, and the price of raw material sulphuric acid has also risen slightly, driving a more positive sentiment among EMM producers. There is less circulation of low-priced goods, and they are more inclined to wait for transactions at higher prices. Due to the still weak rigid demand from end-users, the purchase willingness of downstream steel mills is average, with fewer high-price transactions being pushed through, and the wait-and-see sentiment in the market remains strong.

July 17 News: The average spot price of EMM in major production areas was 13,500-13,600 yuan/mt, unchanged MoM; the average FOB price was $1,880-$1,920/mt, unchanged MoM. Recently, the futures market of SiMn has shown strong performance, and the price of raw material sulphuric acid has also risen slightly, driving EMM producers to be more positive. There is less circulation of low-priced goods, and they are more inclined to wait for transactions at higher prices. Due to the still weak rigid demand from terminals, the purchase willingness of downstream steel mills is average, with fewer high-price transactions being pushed forward, and the wait-and-see sentiment in the market remains strong.

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