No Turnaround in Sight for China EMM Prices on Possible Demand Fall

Jul 1, 2015 15:41

Mainstream traded prices for EMM in China lost another 100-200 yuan per tonne to 10,400-10,600 yuan per tonne on July 1, due to soft demand.

SHANGHAI, Jul. 1 (SMM) – EMM prices in China might head for more losses as downstream demand is likely to soften further, Shanghai Metals Market sees.

Some #200 stainless steel mills planned to cut output or close for maintenance this month against falling prices, boding ill for EMM demand and prices.

Mainstream traded prices for EMM in China lost another 100-200 yuan per tonne to 10,400-10,600 yuan per tonne on July 1, due to soft demand.

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China EMM prices

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No Turnaround in Sight for China EMM Prices on Possible Demand Fall

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