Falling Supply to Favor China EMM Prices (Jun. 1-5, 2015)

Published: May 29, 2015 17:32

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EMM prices in China will lurch higher next week, Shanghai Metals Market foresees.

SHANGHAI, May 29 (SMM) – EMM prices in China will lurch higher next week, Shanghai Metals Market foresees.

Operating rates at Chinese EMM producers kept falling in May, and more producers are expected to close in June, SMM’s survey found, boding well for prices.

EMM in China traded between 10,200-10,300 yuan per tonne in the week ending May 22, SMM data showed.

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