SMM EMM Weekly Price Review and Forecast (Feb. 2-6, 2015)

Feb 2, 2015 15:12

EMM traded between RMB 11,800-12,000/mt in the week ending January 30, with most deals done at the lower end of the price range.

SHANGHAI, Feb. 2 (SMM) – EMM traded between RMB 11,800-12,000/mt in the week ending January 30, with most deals done at the lower end of the price range. Stainless steels began bid invitation to buy EMM, but this did not give a boost to EMM prices. Inquiries from traders were thin. #200 steel mills were pushing for lower input prices against tight cash.

EMM prices are expected to fall slightly to RMB 11,800-11,900/mt this week due to weakening demand.

China EMM prices

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SMM EMM Weekly Price Review and Forecast (Feb. 2-6, 2015)

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