Market Transactions Sluggish Spot Price Stabilizes Temporarily [SMM EMM Daily Review]

Mar 20, 2025, at 6:43 am

SMM EMM Daily Review: Market Transactions Quiet, Spot Price Stable The average spot price of EMM in main production areas was 13,300-13,500 yuan/mt, flat MoM; the FOB price averaged $1,845-1,875/mt, also flat MoM. Supply side, EMM plants were mostly fulfilling long-term contracts, with tight spot supply and a low willingness to sell at lower prices. Demand side, downstream buyers showed weak demand for EMM, leading to quiet market transactions and stable EMM spot prices.

March 20: The average spot price of EMM in the main 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 were mainly fulfilling long-term contracts, with tight spot supply and a low willingness to sell at lower prices. Demand side, downstream buyers showed weak demand for EMM, leading to sluggish market transactions, and the spot price of EMM remained stable.

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