| Today, mainstream offers of EMM were in the RMB 15,600-15,800/mt, but any room for EMM prices to fall will be limited given the firm offers and high costs at producers.
According to SMM sources, EMM producers in Huyuan county gradually resumed production, and environmental investigation in Guizhou also completed at the end of last week. Currently, production at EMM producers gradually on normal track. It is known that ore powder prices were still high, and most producers told that supply of ore powder continued to be tight, resulting in a tendency that using high prices can only purchase low-grade ore.
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