SMM EMM Weekly Price Review and Forecast (Apr. 8-11, 2014)

Apr 8, 2014 11:37

In China’s EMM market, mainstream traded prices extended losses last week, down to RMB 11,800-11,900/mt.

SHANGHAI, Apr. 8 (SMM) – In China’s EMM market, mainstream traded prices extended losses last week, down to RMB 11,800-11,900/mt. A few producers sold at RMB 11,700/mt under long-term contracts. Suppliers were reluctant to sell at lower prices, while traders were unwilling to buy at high prices, leaving trading thin.

The drop in operating rates at EMM producers is limited. Demand from #200 stainless steel mills will remain soft. In this context, SMM sees EMM prices trading below RMB 11,800/mt this week.

China EMM prices

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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SMM EMM Weekly Price Review and Forecast (Apr. 8-11, 2014)

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