January 9 News: The average spot price of EMM in major production areas was 12,300-12,400 yuan/mt, down 50 yuan/mt MoM; the average FOB price was $1,690-1,730/mt, unchanged MoM. Supply side, some EMM plants held back from selling with weak willingness to offer actively, while a few plants maintained relatively firm quotations, but high-price transactions were difficult in the market. Demand side, downstream buyers showed weak demand for EMM and low acceptance of high-priced EMM, leading to a slight drop in EMM spot prices.

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