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Whether or Not EMM will Fell below RMB 15,000/mt
SHANGHAI, Jan. 21 (SMM) -- According to latest SMM survey, growth of costs at EMM producers is as follows:
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Growth of Costs at EMM Producers
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|||||
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Region/material
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Manganese carbonate (RMB/mt)
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Electric power （RMB/kWh）
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Sulphuric acid
(RMB/kg)
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Selenium dioxide (RMB/kg)
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Growth on a weekly basis
|
|
Hunan province
|
850/16%
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0.53
|
660
|
455
|
+233
|
|
Chongqing
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913/16.5%
|
0.506
|
680
|
455
|
+143
|
|
Guizhou province
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900/17%
|
0.57
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680
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455
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+166
|
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Guangxi province
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500/13%
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0.63
|
450
|
455
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+63
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According to SMM data, current average costs at EMM producers in main producing regions were around RMB 14,700/mt and reasonable profit margin at EMM producers were in the RMB 500-1,000/mt range. In this context, the reasonable EMM prices were in the RMB 15,200-15,700/mt range. Based on current market conditions, prices of raw materials like ore powder, sulfuric acid and selenium dioxide will not only hover at high levels but will also climb slightly in the future. In this context, costs at EMM producers will continue to climb.
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