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SMM EMM Weekly Price Review and Forecast (Dec. 22-26, 2014)

iconDec 22, 2014 15:53
Source:SMM
EMM prices in China’s spot market stabilized between RMB 11,750-11,850/mt in the week ending December 19 following sharp declines earlier.
SHANGHAI, Dec. 22 (SMM) – EMM prices in China’s spot market stabilized between RMB 11,750-11,850/mt in the week ending December 19 following sharp declines earlier. EMM producers hold back goods at lower prices since current low prices are leaving them struggled in losses. Some traders went bargain hunting, fearing that current EMM prices will trigger massive shutdowns.  
 
EMM prices are likely to rise this coming week, as supply remains plentiful in relation to weak demand from stainless steel mills. 
 
China EMM prices

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