[Ferro-Alloys.com]Overseas moly oxide transacted at USD5.7/lbMo, as European economy didn’t recover.

Medium price of USD vs. renminbi stood at 6.4010 on August 13 after a 3-day consecutive depreciation. Total depreciation rate reached 4.6%. August 18 saw it rise a bit. How did the fluctuation these days influence molybdenum import and export?

[Ferro-Alloys.com]Chinese FeMo was quoted at RMB63,000/mt by acceptance. Major steel mills cut the tender price, transaction price dropped further. Overseas moly oxide traded at USD5.8-5.9/lbMo.

[Ferro-Alloys.com]In June, 2015, China exported 102mt FeMo, down 77% Y-o-Y(445mt), but up 57% M-o-M(65mt).

Chinese FeMo price kept flat，FeMo60 quoted at RMB62,000 per ton and 64,000 by acceptance. At the beginning of August, mainstream steel mills finished their FeMo tender purchase at a new low price of RMB60, 000 per ton by acceptance.

[Ferro-Alloys.com]Chinese FeMo60 was quoted at RMB64,000/mt by acceptance. In early August, the tenders of big steel mills ended, transaction price lowering to RMB60,000/mt by acceptance.

[Ferro-Alloys.com]Though The State Bureau of Material Reserve speeded up its pace saving molybdenum oxide, China’s molybdenum market remained sluggish since oversea molybdenum oxide price continued its drop.

[Ferro-Alloys.com]Chinese FeMo was quoted at RMB64,000/mt by acceptance. In late month, major steel mills didn’t launch bids, deals concentrating on scattered buying activities. The transaction price hit a new low, for mills made loss and decreased tender vol...