SHANGHAI, Jun. 15 (SMM) -- SMM expects, EMM prices still face risks to fall further, and mainstream traded prices of EMM will be around RMB 18,500/mt in the following week.
Operating rates at EMM producers were around 50%, with Guangxi province reporting the highest operating rates.
Downstream #200 stainless steel industry is at its seasonally low-demand period. In addition, more and more downstream producers preferred to use high manganese ferromanganese-silicon as a substitute for EMM. In this context, weak demand for EMM is hard to change.
Prices for sulfuric acid continue to fall and prices for selenium dioxide slipped slightly. Productions costs at EMM producers in major producing regions will fall slightly, but will still hover at high level.