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Home / Metal News / SMM EMM Weekly Price Review and Forecast (Mar. 9-13, 2015)

SMM EMM Weekly Price Review and Forecast (Mar. 9-13, 2015)

Mar 9, 2015 17:09

Source:SMM

EMM in China traded lower to RMB 11,700-11,900/mt in the week ending March 6.

SHANGHAI, Mar. 9 (SMM) – EMM in China traded lower to RMB 11,700-11,900/mt in the week ending March 6. Steel mills cut EMM bid prices for delivery in March. Large EMM producers held offers firm at RMB 11,900/mt, while SMEs held offers at RMB 11,700/mt. Traders were cautious about stockpiling goods out of pessimism. Export market was also depressed.

Growing supply will weigh on EMM prices this week, but cost support will help curb the downside room.

China EMM prices

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SHANGHAI, Mar 31 (SMM) - As of March 31, the average spot EMM price in China’s main producing areas was flat from yesterday at 17,000 yuan/mt, and the FOB price was also unchanged at $2,700-2,90/mt.

Mar 31, 2022 13:20

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EMM in China was largely quoted between RMB 11,600-11,700/mt in the week ending March 20.

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EMM in China was largely offered between RMB 11,800-12,000/mt after the Chinese New Year holiday, unchanged from pre-holiday levels.

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Feb 2, 2015 15:12

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SMM EMM Weekly Price Review and Forecast (Mar. 9-13, 2015)

SMM Events & Webinars

NET ZERO EUROPE - Solar & Energy Storage Summit

2nd Li-ion Battery Europe 2024

2024 Global Renewable Metal Industry Chain Summit