SMM Weekly Forecast on China's EMM Market

SHANGHAI, Jun. 22 (SMM) -- SMM expects, with waning support from production costs, EMM prices will fall further, and mainstream traded prices of EMM will be around RMB 18,300/mt in the following week. 

Operating rates at EMM producers were around 50%, with Guangxi province reporting the highest operating rates. 

Downstream demand for EMM from top eight stainless steel mills will continue to fall in August. 

Prices for sulfuric acid were stable and prices for selenium dioxide slipped slightly. Prices of manganese ore prices were to slip. Productions costs at EMM producers in major producing regions will fall slightly, but will still be at high level.