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

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

Price Review & Forecast 04:39:47PM Oct 28, 2013 Source:SMM

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.
 

Key Words:  China EMM  

Price

more
#1 Refined Cu
Jul.16
46890.0
90.0
(0.19%)
Standard-Grade Copper
Jul.16
46860.0
90.0
(0.19%)
High-Grade Copper
Jul.16
46920.0
100.0
(0.21%)
Guixi copper
Jul.16
46925.0
100.0
(0.21%)
Low-quality copper
Jul.16
46825.0
95.0
(0.20%)

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

Price Review & Forecast 04:39:47PM Oct 28, 2013 Source:SMM

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.
 

Key Words:  China EMM