SMM EMM Weekly Price Review and Forecast (Apr. 20-24, 2015)

Apr 20, 2015 17:56

EMM prices in China fell at a faster pace in the week ending April 17.

SHANGHAI, Apr. 20 (SMM) –EMM prices in China fell at a faster pace in the week ending April 17. Several large EMM producers closed some production lines. Some SMEs cut production, while others resumed production. Overall, the decline in market supply was limited. Both domestic and overseas demand remained poor. Some producers refrained from giving offers and took a wait-and-see stance instead.

EMM prices are expected to remain at current lows or fall toward RMB 10,000/mt this week, since demand has shown no signs of a turnaround.

China EMM prices

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

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SMM EMM Weekly Price Review and Forecast (Apr. 20-24, 2015)

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