The market remained in a stalemate at the beginning of the week, with spot prices holding steady. [SMM EMM Daily Review]
- Apr 21, 2025, at 9:27 am
SMM EMM Daily Review: Market Mostly in Stalemate at the Start of the Week, Spot Prices Remain Stable. The average spot price of EMM in the main production areas was 13,350-13,550 yuan/mt, flat MoM. The average FOB price was $1,870-1,900/mt, flat MoM. Supply side, EMM plants maintained a strong sentiment to stand firm on quotes, and holders of EMM were influenced by this sentiment, showing a weak willingness to sell at low prices. Demand side, downstream steel mills had a weak purchasing enthusiasm for EMM, resulting in a sluggish market turnover.
