March 11: The average spot price of EMM in major production areas was 13,300-13,500 yuan/mt, flat MoM; the average FOB price was $1,845-1,875/mt, also flat MoM. Supply side, many EMM plants held back from selling, and traders showed weak willingness to sell at low prices. Demand side, steel mills were cautious in purchasing EMM, mostly pressing prices during procurement. Currently, the tug-of-war between sellers and buyers in the EMM market continues, with spot prices remaining in a consolidation phase.
EMM Remains Consolidated as the Tug-of-War Between Sellers and Buyers Continues [SMM EMM Daily Review]
- Mar 11, 2025, at 9:33 am
[SMM EMM Daily Review: EMM Remains Consolidated, Tug-of-War Between Sellers and Buyers Continues] The average spot price of EMM in major production areas stood at 13,300-13,500 yuan/mt, flat MoM; FOB average price was $1,845-1,875/mt, also flat MoM. Supply side, many EMM plants held back from selling, and traders showed weak willingness to sell at low prices. Demand side, steel mills were cautious in purchasing EMM, mostly pressing for lower prices. Currently, the tug-of-war between supply and demand in the EMM market continues, with spot prices remaining in a consolidated trend.
