Home / Metal News / Copper / China's EMM Prices Climb to RMB 15,000/mt
China's EMM Prices Climb to RMB 15,000/mt
Jul 26,2010 14:21CST
smm insight
Source:SMM

SHANGHAI, July 26 (SMM) -- Mainstream offers of EMM were between RMB 15,000-15,100/mt on Monday. Manganese ore mines were shut down for a month due to impact from mining flood, and operating rate at EMM producers is expected to fall further from tight raw material supply, leading to increased reluctance to move goods by producers.

According to SMM survey, ore mines in Huayuan regions are all shut down and local EMM producers told that the previously ordered ore powder can not be delivered. Supply of ore powder is expected to be tight due to at least half a month or a month's ore mine shut down, which may further drag down operating rates at EMM producers. In this context, supply of EMM will reduce further in the market.

According to SMM sources, some trader had already made some replenishment last week due to concern that EMM prices will rise further, and the increased transactions lend support for EMM prices to advance further. However, some traders still remain cautious and adopted a wait-and-see attitude, and only made limited purchases due to concern that downstream demand has not improve significantly.

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