Home / Metal News / Nickel / SMM Weekly Forecast on China's EMM Market
SMM Weekly Forecast on China's EMM Market
Jul 9,2010 17:27CST
smm insight

SHANGHAI, July. 9 (SMM) --

Average production costs at EMM producers in main producing regions were around RMB 14,500/mt. Producers that halted production continued to suspend production due to sluggish market condition and high costs. Operating rates at domestic EMM producers may remain low at 51%.


Purchases from #200 stainless steel industry will remain soft due to sluggish condition at #200 stainless steel industry. Manganese alloy industries cut production significantly, which is expected to exert negative impact on EMM purchasing volumes. Exporting market was still sluggish, and prices were temporarily stagnated.


Demand was sluggish, and supply of goods was relatively limited due to low operating rates. Support from costs begins to emerge amid stagnant sentiment between suppliers and purchasers, and most EMM producers were reluctant to move goods at current low prices.


In this context, it is expected that any room for EMM prices to fall will be limited, and prices will temporarily move between RMB 14,300-14,400/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


Manganese Cobalt Silicon Selenium Bismuth
minor metal price
Mn Co Si Se Bi

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news