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SMM EMM Weekly Price Review and Forecast (20-24 May, 2013)

iconMay 20, 2013 19:24
Source:SMM
EMM market will remain sluggish this week.

SHANGHAI, May 20, (SMM) – EMM market will remain sluggish this week. #200 stainless steel producers started bid invitation for EMM last weekend, with procurement prices expected to remain low. Although overseas buyers will step up purchases before the arrival of summer break, ample supply and expectations for power tariff cuts will continue to weigh down EMM prices. As such, SMM expectS EMM prices to remain low this week.
 

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