Home / Metal News / Lead / SMM EMM Weekly Price Review and Forecast (Mar. 10-14, 2014)
SMM EMM Weekly Price Review and Forecast (Mar. 10-14, 2014)
Mar 10,2014 14:44CST
price review forecast
Source:SMM
Prices for electrolytic manganese metal (EMM) in China dropped all the way down to RMB 12,400/mt last week.

SHANGHAI, Mar. 10 (SMM) – Prices for electrolytic manganese metal (EMM) in China dropped all the way down to RMB 12,400/mt last week. Three factors contributed to the decline. First, #200 stainless steel mills pushed for lower input costs against sluggish steel market. Second, consumption faltered following aggressive purchases in late February. Third, traders were cautious about buying out of bearishness. Some EMM producers sold at RMB 12,300/mt (ex-works price) and are willing to offer bigger discounts if purchasing volumes are large.  

Supply is growing in major producing regions, especially in Xiushan. Demand, however, remains tepid. As such, EMM prices are expected to fall by another RMB 50-100/mt this coming week.   
 

China EMM prices

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news