SMM EMM Weekly Price Review and Forecast (Apr. 13-15, 2015)

Published: Apr 13, 2015 15:06 (GMT+8)

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One large EMM producer sold at heavy discount against cash crunch.

SHANGHAI, Apr. 13 (SMM) – One large EMM producer sold at heavy discount against cash crunch. This promoted others EMM producers to follow suit. Traders were cautious about collecting goods out of pessimism. In this context, the average price fell to RMB 11,300/mt, and is on track to drop to RMB 11,200/mt. Most large EMM producers maintain normal production, while a few are planning to conduct maintenance. Some loss-making small EMM producers have shut down, and more producers are likely to follow suit.

EMM prices are expected to continue falling this week, due to weak downstream demand, liquidity crunch and high inventories.

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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