Will Recent EMM Price Rally Trigger Massive Production Resumptions in China?

Published: Jun 9, 2015 16:21

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SMM sees recent EMM price rally not appealing enough to trigger massive production resumptions in China.

SHANGHAI, Jun. 9 (SMM) – SMM sees recent EMM price rally not appealing enough to trigger massive production resumptions in China.

Some EMM producers told SMM that they might reopen when prices rise to 10,800-11,200 yuan ($1,760-1,825) per tonne. Others, however, showed no intention of restarting idled capacity in the near term.

EMM prices entered an upward trend in late May, and have risen to 10,600-10,700 yuan per tonne as of June 9, SMM data showed.

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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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