March 13 News: 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. Currently, the EMM market prices appear slightly chaotic, with some holders showing a strong willingness to sell at lower prices, leading to an increase in low-priced supplies in the market. Downstream buyers of EMM have low acceptance of high-priced EMM and are mostly pushing for lower purchase prices. The fundamentals of the EMM market remain unchanged, and EMM prices struggle to rise.
Market Remains Consolidated, EMM Struggles to Rise [SMM EMM Daily Review]
- Mar 13, 2025, at 9:41 am
[SMM EMM Daily Review: Market Remains Consolidated, EMM Struggles to Rise] 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. Currently, the EMM market prices appear slightly chaotic, with some holders showing a strong willingness to sell at lower prices, leading to an increase in low-priced supplies in circulation. Downstream buyers of EMM have low acceptance of high-priced EMM and tend to push for lower prices in their purchases. The fundamentals of the EMM market remain unchanged, and EMM prices struggle to rise.
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