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EMM Price in China May Bottom out
= Lower quotation is CNY9,900/ton, which shows slight rebound =
The main price of electrolytic manganese metal (EMM) in the Chinese domestic market as of July 21 is CNY9,900 - CNY10,000 per ton, and the lower quotation made a slight rebound from the end of last week. This is a result of the cheap products in the market becoming scarce due to the buying movement to pick up the cheap ones this week.

However, the contract price is reported to be CNY9,700, down by CNY100 from the end of last week in some areas, and it can't be stated positively that the price has surely bottomed out. There are such both opinions in the Chinese domestic market as the current price is rock-bottom and the current situation is taken as a temporary lull with an anticipation of a price fall, and the future development becomes unclear.
last modified : Mon 27 Jul, 2015 [10:35]
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