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SMM EMM Weekly Price Review and Forecast (Oct. 13-17, 2014)
Oct 13,2014 16:56CST
price review forecast
Source:SMM
EMM in China largely traded between RMB 12,800-12,900/mt after the Chinese National Day holiday.
SHANGHAI, Oct. 13 (SMM) – EMM in China largely traded between RMB 12,800-12,900/mt after the Chinese National Day holiday. Supply increased after the weeklong holiday. But rising power tariffs in Guangxi and Hunan allowed local producers to hold offers firm. Traders and stainless steel mills took a wait-and-see stance. 
 
This coming week, growing supply and weak demand will prevent EMM prices from rising. But rising costs will offer support. As such, EMM prices are expected to hold steady. 
 
China EMM prices

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