Demand is slightly weak, and the spot price of EMM remains stable for the time being [SMM EMM Daily Review]

[SMM EMM Daily Review: Demand Shows Slight Weakness, EMM Spot Prices Remain Stable] The average spot price of EMM in major producing areas ranges from 13,500 to 13,600 yuan/mt, unchanged MoM; the average FOB price ranges from $1,880 to $1,920/mt, unchanged MoM. Supply side, the availability of spot cargo in the market remains relatively tight. Most EMM plants continue to fulfill long-term contracts, with spot order quotes increasing. Demand side, the downstream market is in the off-season, with low acceptance of high-priced EMM. Actual transactions are not following up ideally, and market sentiment remains cautious, with no significant fluctuations observed in the market.