[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...

It is predicted that FeMo market price in Chinese market won’t drop further since it has reached bottom, but its rise is expected as early as revival of steel industry on September. Oversea Molybdenum Oxide price also bottomed and would not rise notably till ...

[Ferro-Alloys.com] In mid-July, Chinese FeMo price dropped to RMB65,000/mt by acceptance. Steel mills cut the tender volume in the slack season, the transaction price drifted lower, such as RMB70,500/mt was confirmed. Overseas moly oxide transacted at USD6.3/l...

[Ferro-Alloys.com]In May, 2015, China exported 65.66mt FeMo, down 42.3% from last May (113.86mt), but 130.32times higher than April (0.5mt).

[Ferro-Alloys.com]In summer, overseas moly suppliers quitted the market for holidays. Low operation rate of steel mills degraded the demand for raw materials, so the entire transaction of moly was limited.

[Ferro-Alloys.com]In mid-July, Chinese FeMo price dropped to RMB65,000/mt by acceptance. Steel mills cut the tender volume in the slack season, the transaction price drifted lower.