| Today, mainstream traded prices of Chain's EMM were in the RMB 15,500-15,700/mt range, a wait-and-see attitude from traders and downstream stainless steel mills allowed China's EMM prices to slip slightly.
According to SMM sources, production at neighboring Baojin, Guzhang and other counties was not seriously negatively affected, although most EMM producers still halted production in Huayuan county at present. The gradually recovered production at EMM producers and small purchasing volumes from stainless steel mills allow domestic EMM prices fall to previous level after at brief surge, while some producers prepared to move partial inventories for the concern that EMM prices may fall steadily in the future.
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