Home / Metal News / Domestic EMM Prices Face Risks to Fall

Domestic EMM Prices Face Risks to Fall

iconAug 30, 2011 15:33
Source:SMM
Mainstream offers of EMM were in the RMB 19,000-19,100/mt range on August 30th. Downstream purchases have been extremely sluggish, and domestic EMM prices face risks to fall.

SHANGHAI, Aug. 30 (SMM) -- Mainstream offers of EMM were in the RMB 19,000-19,100/mt range on August 30th. Downstream purchases have been extremely sluggish, and domestic EMM prices face risks to fall.

According to SMM sources, recent round of EMM price rally is mainly attributed to continuous power rationing, tight market supply and regular demand from steel mills at the month end. However, conditions in downstream #200 stainless steel mills are weakening. Mainstream stainless steel mills all have output cut plan for #200 stainless steel in September, so their purchases for EMM will continue to wane. SMM expects that EMM price outlook will not be optimistic with continuous waning demand, but ongoing power rationing at major EMM producing regions and persistently high prices for manganese ore and high electricity charges will restrict EMM prices from falling significantly.
 

EMM; manganese; minor metal

For queries, please contact Michael Jiang at michaeljiang@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news
    timeJul 26, 2021 11:58
    timeJul 26, 2021 11:39
    timeJul 26, 2021 11:51
    timeJul 26, 2021 11:41
    timeJul 26, 2021 11:27
    timeJul 26, 2021 11:18
    timeJul 26, 2021 09:26
    timeJul 23, 2021 21:48
    timeJul 23, 2021 21:46
    timeJul 23, 2021 21:40

SMM Events & Webinars

All