Chinese EMM Output Grows 14.33% MoM in Mar Despite Poor Demand

Published: Apr 11, 2023 09:07

Source: SMM

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Chinese EMM output stood at 114,700 mt in March, up 14.33% on the month and 301.24% on the year.

SHANGHAI, Apr 11 (SMM) - Chinese EMM output stood at 114,700 mt in March, up 14.33% on the month and 301.24% on the year, SMM data showed. EMM output in the first three months of 2023 stood at around 316,900 mt, up 604.22% year-on-year. To explain the surge in output, there are more working days in March on the one hand. On the other hand, EMM plants were less willing to cut output on high profit margins even though the downstream demand was poor.

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