SMM Weekly Forecast on China's EMM Market-Shanghai Metals Market

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SMM Weekly Forecast on China's EMM Market

SMM Insight 05:20:53PM May 07, 2010 Source:SMM

SHANGHAI, May. 7 (SMM) --

Supply

Supply of EMM remained stable, and prices of ore power which is a major raw material for EMM production will stay stable given that domestic EMM prices fluctuated at low levels and had limited room to advance further. Prices of sulfuric acid which is a complementary material for EMM production continued to decline, and support from costs gradually waned. 

Demand

Demand from stainless steel sectors was sluggish, and consumers from stainless steel sectors are expected to make purchases on an as-needed basis. Export offers also declined slightly, and it still takes time for export market to recover.

Summary

Domestic EMM prices are expected to fall slightly around cost level as demand is weak and support from costs is waning. It is expected that EMM prices will move between RMB 15,300-15,500/mt in the following week.

To contact the writer on this report: jianghanmei@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


 

 

SMM Weekly Forecast on China's EMM Market

SMM Insight 05:20:53PM May 07, 2010 Source:SMM

SHANGHAI, May. 7 (SMM) --

Supply

Supply of EMM remained stable, and prices of ore power which is a major raw material for EMM production will stay stable given that domestic EMM prices fluctuated at low levels and had limited room to advance further. Prices of sulfuric acid which is a complementary material for EMM production continued to decline, and support from costs gradually waned. 

Demand

Demand from stainless steel sectors was sluggish, and consumers from stainless steel sectors are expected to make purchases on an as-needed basis. Export offers also declined slightly, and it still takes time for export market to recover.

Summary

Domestic EMM prices are expected to fall slightly around cost level as demand is weak and support from costs is waning. It is expected that EMM prices will move between RMB 15,300-15,500/mt in the following week.

To contact the writer on this report: jianghanmei@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