On June 4, the average price of EMM in major production areas was 13,200-13,400 yuan/mt, up 200 yuan/mt; the average FOB price was $1,840-1,870/mt, up $20/mt. Suppliers held offers firm, with some producers suspending quotations and showing a low willingness to sell. Some traders followed suit to suspend quotations and mostly adopted a wait-and-see attitude. Therefore, the spot EMM supply was relatively tight. Demand side, there were a few high-priced transactions, and low-priced cargoes were scarce. Future attention should be paid to the transactions of EMM.



