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 05:26:15PM Dec 10, 2010 Source:SMM

SHANGHAI, Dec. 10 (SMM) --

Supply:

Raw material prices for EMM producers are still high, and high production costs support EMM prices to certain extent, while, operating rates at EMM producers are rebounding, weighing on EMM prices to certain extent.

Demand:

Demand from #200 stainless steel mills is still weak, and export market continues to be quiet. Purchases from ferromanganese alloy sector may increase, but overall demand is still sluggish.

Forecast:

Sentiment from suppliers and demanders stagnates, but supporting momentum for EMM prices wanes to certain extent. SMM believes that domestic EMM prices are on slight downward track, and prices will largely stay around RMB 17,500/mt. 

 

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 05:26:15PM Dec 10, 2010 Source:SMM

SHANGHAI, Dec. 10 (SMM) --

Supply:

Raw material prices for EMM producers are still high, and high production costs support EMM prices to certain extent, while, operating rates at EMM producers are rebounding, weighing on EMM prices to certain extent.

Demand:

Demand from #200 stainless steel mills is still weak, and export market continues to be quiet. Purchases from ferromanganese alloy sector may increase, but overall demand is still sluggish.

Forecast:

Sentiment from suppliers and demanders stagnates, but supporting momentum for EMM prices wanes to certain extent. SMM believes that domestic EMM prices are on slight downward track, and prices will largely stay around RMB 17,500/mt. 

 

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