Home / Metal News / SMM Weekly Forecast on Manganese Market

SMM Weekly Forecast on Manganese Market

iconAug 13, 2010 17:08
Source:SMM

SHANGHAI, Aug. 13 (SMM) --

Demand

Ferroalloy industry will reduce its purchases for EMM. Situation is sluggish at stainless steel industry, so purchasing will be very limited next week. Purchasing bids from large steel mills will not higher than market expectation given production cuts and high inventory level at mills.

Supply

Tight ore supply not only adds production costs at EMM producers but also drag down operating rates at EMM producers. In this context, supply of goods is relatively tight in the market, which will help support EMM prices to certain extent.

Analysis

Supply of goods is at low level, but demand also weakens. In this context, China's domestic EMM prices are under pressure to fall stably.

Forecast

It is expected that EMM prices will move around RMB 15,200/mt in the following week.

 

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 Lemon Zhao at lemonzhao@smm.cn

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

Related news

SMM Events & Webinars

All