SMM EMM Weekly Price Review and Forecast (Apr. 7-10, 2015)

Published: Apr 07, 2015 16:07 (GMT+8)

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EMM prices in China fell in the week ending April 3, but at a slower pace.

SHANGHAI, Apr. 7 (SMM) – EMM prices in China fell in the week ending April 3, but at a slower pace. Traded prices fell to RMB 11,400/mt early last week, but stabilized later since most producers refrained from selling against losses. Trading was thin.

Operating rates at EMM producers did not drop sharply, and demand from #200 stainless steel producers remains tepid, so EMM prices will remain under downward pressure this week.

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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