Ore Powder Prices up RMB 20/mt in EMM Main Producing Regions -Shanghai Metals Market

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Ore Powder Prices up RMB 20/mt in EMM Main Producing Regions

SMM Insight 04:39:13PM May 04, 2010 Source:SMM

SHANGHAI, May 4 (SMM) -- Mainstream offers of EMM were in the RMB 15,600-15,700/mt range today. Downstream consumers adopted a wait-and-see attitude, allowing EMM prices fall slightly, but most producers were reluctant to move goods at low prices due to steady high costs of ore powder.

According to SMM survey, ore powder prices in EMM main producing regions like Huayuan in Hunan province and Xiushan in Chongqing advanced slightly by RMB 20/mt, while ore powder prices at Songtao in Guizhou province and Jingxi in Guangxi province have not changed much. Producers in Guizhou province told that they only purchased low grade ore despite that they purchased at high prices, and the possibility for ore powder prices to rise was high, while some producers in Guangxi province have not worked at full capacity and production at EMM producers in that region was negatively affected due to tight and high-priced ore powder.

To contact the writer on this report: naturewang@smm.cn

 

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


 

Ore Powder Prices up RMB 20/mt in EMM Main Producing Regions

SMM Insight 04:39:13PM May 04, 2010 Source:SMM

SHANGHAI, May 4 (SMM) -- Mainstream offers of EMM were in the RMB 15,600-15,700/mt range today. Downstream consumers adopted a wait-and-see attitude, allowing EMM prices fall slightly, but most producers were reluctant to move goods at low prices due to steady high costs of ore powder.

According to SMM survey, ore powder prices in EMM main producing regions like Huayuan in Hunan province and Xiushan in Chongqing advanced slightly by RMB 20/mt, while ore powder prices at Songtao in Guizhou province and Jingxi in Guangxi province have not changed much. Producers in Guizhou province told that they only purchased low grade ore despite that they purchased at high prices, and the possibility for ore powder prices to rise was high, while some producers in Guangxi province have not worked at full capacity and production at EMM producers in that region was negatively affected due to tight and high-priced ore powder.

To contact the writer on this report: naturewang@smm.cn

 

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