SMM Weekly Forecast on China EMM Market Sept.1-3-Shanghai Metals Market

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SMM Weekly Forecast on China EMM Market Sept.1-3

Price Review & Forecast 05:56:40PM Sep 03, 2012 Source:SMM

SHANGHAI, Sept.3 (SMM) -- Based on result of latest SMM survey on operating rate at China EMM producer, operating rate at China EMM producers in major producing regions may climb slightly to 39% in early September, up 8% from that in late August. SMM believes that the higher operating rate is mainly due to production resumption at EMM producers in Tongren, Guizhou province.

SMM therefore expects that EMM prices may fall to RMB 12,500/mt as supply is sufficient but demand has not increased.
 

Key Words:  China EMM price 

Price

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SMM #1 Nickel
Nov.15
127650.0
-1650.0
(-1.28%)
#1 JinChuan Nickel
Nov.15
129300.0
-900.0
(-0.69%)
#1 Import Nickel
Nov.15
126050.0
-2250.0
(-1.75%)
JinChuan B&C
Nov.15
11700.0
1050.0
(9.86%)
Russian Nickel Premium
Nov.15
8450.0
-300.0
(-3.43%)

SMM Weekly Forecast on China EMM Market Sept.1-3

Price Review & Forecast 05:56:40PM Sep 03, 2012 Source:SMM

SHANGHAI, Sept.3 (SMM) -- Based on result of latest SMM survey on operating rate at China EMM producer, operating rate at China EMM producers in major producing regions may climb slightly to 39% in early September, up 8% from that in late August. SMM believes that the higher operating rate is mainly due to production resumption at EMM producers in Tongren, Guizhou province.

SMM therefore expects that EMM prices may fall to RMB 12,500/mt as supply is sufficient but demand has not increased.
 

Key Words:  China EMM price