SHANGHAI, Jun. 28 (SMM) – Spot EMM price is likely to drop on Wednesday in China’s market, SMM expects.
SMM Analysis: China Spot EMM Price to Drop Slightly
Downstream demand sees no improvement, and some producers in face of financial strain ease firm offers, giving room for buyers on price struggle.
Ex-works price mainly trades at 10,700-10,900 yuan per tonne in south China, and offers remain weak in south China at 10,500 yuan per tonne.
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