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Home / Metal News / SMM EMM Weekly Price Review and Forecast (28 Oct. -1 Nov. 2013)

SMM EMM Weekly Price Review and Forecast (28 Oct. -1 Nov. 2013)

iconOct 28, 2013 16:39
Electrolytic manganese metal (EMM) prices in China dropped from RMB 12,800-12,900/mt early last week to RMB 12,600-12,700/mt, dragged down by flagging demand.

SHANGHAI, Oct. 28 (SMM) – 

Review:
Electrolytic manganese metal (EMM) prices in China dropped from RMB 12,800-12,900/mt early last week to RMB 12,600-12,700/mt, dragged down by flagging demand. However, the price decline was seen limited due to cost support and slight growth in supply.

Forecast:
Slackening demand and growing supply will weigh EMM prices down, but any decline will be contained by cost support. SMM thus expects EMM prices to fall slightly to RMB 12,500/mt this coming week.
 

China EMM
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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