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
May.24
47010.0
210.0
(0.45%)
Standard-Grade Copper
May.24
46990.0
215.0
(0.46%)
High-Grade Copper
May.24
47030.0
210.0
(0.45%)
Guixi copper
May.24
47040.0
210.0
(0.45%)
Low-quality copper
May.24
46920.0
220.0
(0.47%)

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