The spot price of EMM remains stable temporarily, with downstream players maintaining a wait-and-see attitude [SMM EMM Daily Review]

Published: Jul 28, 2025 17:56

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[SMM EMM Daily Review: EMM spot prices remain stable, downstream wait-and-see sentiment strong] The average spot price of EMM in major producing areas is 13,500-13,600 yuan/mt, unchanged MoM; the average FOB price is $1,880-$1,920/mt, unchanged MoM. Supply side, many EMM producers are holding back from selling. Driven by the SiMn futures market, individual spot order quotes have risen. There are fewer low-priced goods in the market, and the overall sentiment to refuse to budge on prices is strong. Demand side, downstream steel mills are still in the traditional off-season, with a strong wait-and-see sentiment overall. Purchasing remains cautious, and it is difficult to push through transactions.

July 28 news: The average spot price of EMM in the main producing areas was 13,500-13,600 yuan/mt, unchanged MoM; the average FOB price was $1,880-$1,920/mt, unchanged MoM. Supply side, many EMM producers held back from selling. Driven by the SiMn futures market, the quotes for individual spot orders rose slightly. There were fewer low-priced goods in the market, and producers generally refused to budge on prices. Demand side, downstream steel mills were still in the traditional off-season, with a strong wait-and-see sentiment. Purchasing remained cautious, and it was difficult to push through transactions.

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