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SMM Weekly Forecast on China EMM Market
Mar 23, 2012 17:47Source:SMM
SMM expects that EMM prices to fall to around RMB 15,000/mt in the coming week.
SHANGHAI, Mar. 23 (SMM) --
Supply:
Operating rates at EMM producers are around 45%, up 3%. Supply of EMM is already ample. Prices of carbonate manganese ore is firm, and prices of supplementary materials are also stable. Average profit rate of domestic EMM industry is no less than 4%.
Demand:
Output cut of #200 stainless steel exceeded 6% in March and may continue in April.
Forecast:
Demand for EMM will be quiet again, while supply of EMM will increase. SMM expects that EMM prices to fall to around RMB 15,000/mt in the coming week.
Fore more information, please contact Katherine Zhu at 51550304.
minor metal; price forecast; EMM;
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
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