SMM EMM Weekly Price Review and Forecast (Jun. 8-12, 2015)

Jun 8, 2015 15:03

EMM prices in China rose to RMB 10,500/mt on June 5.

SHANGHAI, Jun. 8 (SMM) –EMM prices in China rose to RMB 10,500/mt on June 5. However, the price rise was not attractive enough, so many EMM producers showed no intention of reopening. Only a few EMM producers returned to production in early June following facility maintenance in late May. Inquiries from traders picked up. Overseas demand also improved slightly.

Trading activity is expected to improve further this week now that EMM prices have entered an upward track. Operating rates at EMM producers remain low. So, EMM prices are likely to continue rising 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 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 (Jun. 8-12, 2015)

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