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

Hot Keywords

  • Zinc
  • Futures movement
  • Inventory data
  • MMi Iron Ore Port Index
  • Copper scrap
  • Nickel
  • Copper
  • Aluminium
  • Stainless steel
  • Macroeconomics
  • Evening comments
  • Production data
  • Tin
  • Market commentary
  • inventory

SMM Weekly Forecast on China’s EMM Market

SMM Insight 05:05:05PM Dec 03, 2010 Source:SMM

SHANGHAI, Dec. 3 (SMM) -- According to SMM prediction, possibility for EMM prices to fall significantly in December will be low, and EMM prices will largely remain stable. This is mainly due to price increase in raw material for EMM producers given that current production costs have been up by RMB 2,500-3,000/mt from level in early 2010. At present, average production costs at EMM producers were around RMB 17,000/mt, so it is normal for EMM prices to fluctuate around RMB 18,000/mt.

Although EMM prices were downward track, SMM believes that EMM prices will stagnate between RMB 17,200-17,500/mt in the following week by virtue that demand was weak but production costs were high.

 

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 05:05:05PM Dec 03, 2010 Source:SMM

SHANGHAI, Dec. 3 (SMM) -- According to SMM prediction, possibility for EMM prices to fall significantly in December will be low, and EMM prices will largely remain stable. This is mainly due to price increase in raw material for EMM producers given that current production costs have been up by RMB 2,500-3,000/mt from level in early 2010. At present, average production costs at EMM producers were around RMB 17,000/mt, so it is normal for EMM prices to fluctuate around RMB 18,000/mt.

Although EMM prices were downward track, SMM believes that EMM prices will stagnate between RMB 17,200-17,500/mt in the following week by virtue that demand was weak but production costs were high.

 

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