SMM Survey of China June EMM Output and Operating Rate by Region -Shanghai Metals Market

Hot Keywords

  • Silicon
  • Inventory data
  • Nickel
  • Aluminium
  • Copper scrap
  • Rare earth
  • Macroeconomics
  • MMi Iron Ore Port Index
  • Zinc
  • Copper
  • provisional iron ore export permits
  • Market commentary
  • Evening comments
  • Futures movement
  • Operating rates

SMM Survey of China June EMM Output and Operating Rate by Region

SMM Insight 02:26:58PM Jul 19, 2012 Source:SMM
SHANGHAI, Jul. 19 (SMM) – According to SMM estimates, China’s EMM output should be around 102,200 mt in June, and the average operating rate at major Chinese EMM producers was 51%, up 4% MoM. And based on SMM survey data as of July 12, the average operating rate at major Chinese EMM producers will continue to remain high in July. Affected by a sluggish EMM market, SMM believes more EMM producers in Hunan will begin suspending production in late July.
 

Region
July Output (Unit: 10,000 mt)
July Operating Rate (%)
May Operating Rate (%)
Changes
Chongqing
1.20
44
42
 
Guizhou
2.10
65
65
 
Guangxi
1.60
46
37
 
Hunan
2.80
42
42
 
Hubei
0.87
70
70
 
Ningxia
1.50
100
100
 
Others
0.20
18
30
 
Total
10.27
51
47
Up 4%
Source
SMM
Note
SMM estimates output based on survey of producers covering 80% of local capacity.

 
 

Price

more
SMM #1 Nickel
Aug.16
126650.0
3000.0
(2.43%)
#1 JinChuan Nickel
Aug.16
127200.0
2900.0
(2.33%)
#1 Import Nickel
Aug.16
126050.0
3050.0
(2.48%)
JinChuan B&C
Aug.16
1250.0
-100.0
(-7.41%)
Russian nickel premium
Aug.16
125.0
0.0
(0.00%)

SMM Survey of China June EMM Output and Operating Rate by Region

SMM Insight 02:26:58PM Jul 19, 2012 Source:SMM
SHANGHAI, Jul. 19 (SMM) – According to SMM estimates, China’s EMM output should be around 102,200 mt in June, and the average operating rate at major Chinese EMM producers was 51%, up 4% MoM. And based on SMM survey data as of July 12, the average operating rate at major Chinese EMM producers will continue to remain high in July. Affected by a sluggish EMM market, SMM believes more EMM producers in Hunan will begin suspending production in late July.
 

Region
July Output (Unit: 10,000 mt)
July Operating Rate (%)
May Operating Rate (%)
Changes
Chongqing
1.20
44
42
 
Guizhou
2.10
65
65
 
Guangxi
1.60
46
37
 
Hunan
2.80
42
42
 
Hubei
0.87
70
70
 
Ningxia
1.50
100
100
 
Others
0.20
18
30
 
Total
10.27
51
47
Up 4%
Source
SMM
Note
SMM estimates output based on survey of producers covering 80% of local capacity.