SMM EMM Weekly Price Review and Forecast (Mar. 16-20, 2015)

Published: Mar 16, 2015 14:32

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EMM in China traded lower to RMB 11,600-11,700/mt in the week ending March 13.

SHANGHAI, Mar. 16 (SMM) – EMM in China traded lower to RMB 11,600-11,700/mt in the week ending March 13. Baosteel cut EMM bid prices, which had a knock-on effect on spot market. The decline in operating rates at EMM producers is not sharp. Traders have been inactive in buying goods since after the Chinese New Year holiday out of pessimism. Growing supply/demand imbalance sent prices down.

This week will see further decline in EMM prices, but cost support will limit the downside room.

China EMM prices

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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