SHANGHAI, Dec. 10 (SMM) --
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 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.
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.
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