China EMM Prices to See No Turnaround (May25-29, 2015)

Published: May 25, 2015 08:55

Save

EMM prices in China are expected to stay at current 10,000-10,200 yuan/tonne in the week starting May 25, Shanghai Metals Market foresees.

SHANGHAI, May 25 (SMM) - EMM prices in China are expected to stay at current 10,000-10,200 yuan per tonne in the week starting May 25, Shanghai Metals Market foresees.

On the one hand, falling operating rates at EMM producers will lend support to EMM prices. On the other hand, downstream demand will remain poor, acting as a brake against price rise.

Mainstream traded prices for EMM in China stabilized between 10,000-10,200 yuan per tonne in the week ending May 22. Many SMEs closed in May and some large EMM producers also shut down, allowing EMM prices to stop falling. A few producers raised offers by 100 yuan per tonne to test the waters, but downstream producers refused to buy at higher prices. Some traders stockpiled goods when prices fell to near RMB 10,000/mt, but others waited for prices to fall further. Japan’s offered to buy EMM at $ 1,640 per tonne (CIF, which is below EMM prices in China’s domestic market, leaving traders unwilling to export.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.

China EMM prices China EMM price forecast

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.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

Sep 18, 2026 21:48

【SMM Analysis】Implats 2010 To 2025: Why More Metal Does Not Always Mean More Money

Implats’ 2010–2025 operating record shows why higher output does not always mean stronger profits. Metal prices, operating disruptions, acquisitions and currency movements shaped performance. Palladium and rhodium prices fell sharply after FY2021. FY2026 results show a recovery, but lasting strength depends on safe operations, reliable processing, disciplined costs and converting metal into cash, rather than relying on favourable prices alone.

Sep 18, 2026 21:48

Sep 18, 2026 17:08

[SMM Precious Metals Express]

Implats is reassessing the strategic value of its Waterberg PGM project. The company’s management recently stated that the revised Waterberg plan, following scale reduction and capital cost optimisation, is more attractive than previous versions, and the project has re-entered the group’s future growth pipeline. This development also reflects an increasingly pressing reality for South Africa’s PGM industry: projects capable of delivering incremental output at lower risk and reasonable capital intensity are becoming scarce.

Sep 18, 2026 17:08

Sep 18, 2026 17:03

[SMM Precious Metals Express]

A major green hydrogen project in South Africa has taken another key step forward. Hive Hydrogen South Africa announced on September 15 that it has formally awarded the front-end engineering design (FEED) contract for its approximately USD 5.8 billion green hydrogen and green ammonia project to Spanish engineering firm Técnicas Reunidas. The project, now in the late development stage, is regarded as a flagship green hydrogen initiative in South Africa and one of the key demonstration projects under the European Union’s Global Gateway programme in the country.

Sep 18, 2026 17:03