Whether or Not EMM will Fell below RMB 15,000/mt-Shanghai Metals Market

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Whether or Not EMM will Fell below RMB 15,000/mt

SMM Insight 05:10:51PM Jan 21, 2010 Source:SMM

SHANGHAI, Jan. 21 (SMM) -- According to latest SMM survey, growth of costs at EMM producers is as follows:

Growth of Costs at EMM Producers
Region/material
Manganese carbonate (RMB/mt)
Electric power RMB/kWh
Sulphuric acid
(RMB/kg)
Selenium dioxide (RMB/kg)
Growth on a weekly basis
Hunan province
850/16%
0.53
660
455
+233
Chongqing
913/16.5%
0.506
680
455
+143
Guizhou province
900/17%
0.57
680
455
+166
Guangxi province
500/13%
0.63
450
455
+63

According to SMM data, current average costs at EMM producers in main producing regions were around RMB 14,700/mt and reasonable profit margin at EMM producers were in the RMB 500-1,000/mt range. In this context, the reasonable EMM prices were in the RMB 15,200-15,700/mt range. Based on current market conditions, prices of raw materials like ore powder, sulfuric acid and selenium dioxide will not only hover at high levels but will also climb slightly in the future. In this context, costs at EMM producers will continue to climb.

 

Copyright © SMM. All Rights Reserved

None of this material may be used for any commercial or public use in any forms or means, without the prior written consent of SMM. For reproduction issue, please contact us by email: service.en@smm.cn

 

Whether or Not EMM will Fell below RMB 15,000/mt

SMM Insight 05:10:51PM Jan 21, 2010 Source:SMM

SHANGHAI, Jan. 21 (SMM) -- According to latest SMM survey, growth of costs at EMM producers is as follows:

Growth of Costs at EMM Producers
Region/material
Manganese carbonate (RMB/mt)
Electric power RMB/kWh
Sulphuric acid
(RMB/kg)
Selenium dioxide (RMB/kg)
Growth on a weekly basis
Hunan province
850/16%
0.53
660
455
+233
Chongqing
913/16.5%
0.506
680
455
+143
Guizhou province
900/17%
0.57
680
455
+166
Guangxi province
500/13%
0.63
450
455
+63

According to SMM data, current average costs at EMM producers in main producing regions were around RMB 14,700/mt and reasonable profit margin at EMM producers were in the RMB 500-1,000/mt range. In this context, the reasonable EMM prices were in the RMB 15,200-15,700/mt range. Based on current market conditions, prices of raw materials like ore powder, sulfuric acid and selenium dioxide will not only hover at high levels but will also climb slightly in the future. In this context, costs at EMM producers will continue to climb.

 

Copyright © SMM. All Rights Reserved

None of this material may be used for any commercial or public use in any forms or means, without the prior written consent of SMM. For reproduction issue, please contact us by email: service.en@smm.cn