SMM EMM Weekly Price Review and Forecast (Jun. 9-13, 2014)

Jun 9, 2014 16:35

EMM producers in China raised offers to RMB 12,500-12,600/mt in the week ending June 8, driven by tight supply.

SHANGHAI, Jun. 9 (SMM) – EMM producers in China raised offers to RMB 12,500-12,600/mt in the week ending June 8, driven by tight supply. Rising EMM prices allowed raw material prices to go up as well. Mining companies in Huayuan, Hunan, raised manganese ore offers by RMB 30/mt. Manganese ore prices in Songtao and Xiushan remained stable, but are poised to rise.

SMM believes EMM prices should level off this week, with mainstream traded prices expected between RMB 12,500-12,600/mt.

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 (Jun. 9-13, 2014)

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