March 18 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. Supply side, EMM plants showed weak willingness to actively quote, while some holders still had room for negotiation based on actual inquiries. Demand side, downstream steel mills were cautious in purchasing EMM, and the actual trading atmosphere remained sluggish. Currently, the tug-of-war between sellers and buyers in the EMM market continues, with the overall market showing no fluctuations and spot prices remaining stable.
Overall Market Remains Stable, Spot Price Holds Steady [SMM EMM Daily Review]
- Mar 18, 2025, at 6:15 am
[SMM EMM Daily Review: Overall Market Remains Stable, Spot Prices Hold Steady] The average spot price of EMM in major production areas stood at 13,300-13,500 yuan/mt, flat MoM; the average FOB price was $1,845-1,875/mt, also flat MoM. Supply side, EMM plants showed weak willingness to actively quote, while some holders still offered room for negotiation based on actual inquiries. Demand side, downstream steel mills remained cautious in purchasing EMM, and the actual trading atmosphere was sluggish. Currently, the tug-of-war between sellers and buyers in the EMM market continues, with the overall market showing no fluctuations and spot prices holding steady.
- PREVIOUS ARTICLE11 days ago
The Price Spread Between Futures Contracts Narrowed Quickly in the Morning Market, and Suppliers Held Back Cargoes With Strong Sentiment to Withhold Sales [SMM Shanghai Spot Copper]
- NEXT ARTICLE11 days ago
SMM Shanghai and Other 1# Lead Markets: SHFE Lead Pulled Back After Rising, Spot Market Premiums Adjusted Downward [SMM Midday Review]
