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SMM EMM Weekly Price Review and Forecast (Jun. 30-Jul. 4, 2014)
Jun 30,2014 15:18CST
price review forecast
Source:SMM
EMM in China’s major producing regions largely traded between RMB 12,400-12,600/mt in the week ending June 27.

SHANGHAI, Jun. 30 (SMM) – EMM in China’s major producing regions largely traded between RMB 12,400-12,600/mt in the week ending June 27. A few EMM producers cut offers to promote sales against tightening mid-year liquidity, but most held offers firm. Stainless steel mills pushed for lower input costs against depressed prices. This caused trading to come to a virtual standstill.

EMM prices are expected to come under downward pressure from growing supply this coming week. 

 
China EMM prices

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