Chinese EMM Prices to Remain Sluggish-Shanghai Metals Market

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Chinese EMM Prices to Remain Sluggish

SMM Insight 03:51:54PM May 07, 2012 Source:SMM

SHANGHAI, May 7 (SMM) – Mainstream quotations for domestic EMM prices were between 14,900-15,000/mt Monday. In the face of sluggish demand and higher costs, domestic EMM prices are likely to continue to post weak performance. According to SMM sources, #200 stainless steel markets are still facing surpluses owing to sluggish downstream demand. Operating rate at EMM producers fails to slide but stands at around 46% at present. In this context, SMM expects domestic EMM prices to remain sluggish for the foreseeable future.
 

Key Words:  Chinese EMM prices  

Price

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Aluminum Ingot
Sep.12
14550.0
80.0
(0.55%)
Aluminum Ingot - Fo Shan
Sep.12
14560.0
80.0
(0.55%)
Aluminum Ingot - Wu Xi
Sep.12
14520.0
70.0
(0.48%)
Aluminum Ingot - Hang Zhou
Sep.12
14560.0
90.0
(0.62%)
Aluminum Ingot - Chong Qing
Sep.12
14570.0
90.0
(0.62%)

Chinese EMM Prices to Remain Sluggish

SMM Insight 03:51:54PM May 07, 2012 Source:SMM

SHANGHAI, May 7 (SMM) – Mainstream quotations for domestic EMM prices were between 14,900-15,000/mt Monday. In the face of sluggish demand and higher costs, domestic EMM prices are likely to continue to post weak performance. According to SMM sources, #200 stainless steel markets are still facing surpluses owing to sluggish downstream demand. Operating rate at EMM producers fails to slide but stands at around 46% at present. In this context, SMM expects domestic EMM prices to remain sluggish for the foreseeable future.
 

Key Words:  Chinese EMM prices