[Ferro-Alloys.com] Chinese FeMo was quoted at RMB71,000-72,000/mt by acceptance. In late month, steel mills intensively launched bids, however, in the upcoming summer, steel mills cut buying volumes.

[Ferro-Alloys.com]Chinese FeMo was quoted at RMB71,000-72,000/mt by acceptance. In late month, steel mills intensively launched bids, however, in the upcoming summer, steel mills cut buying volumes. The transaction price hit a new low to RMB67,700/mt.

[Ferro-Alloys.com]Overseas moly oxide transacted at USD9.3/lbMo. Approaching the summer vacations, customers quitted the market for holidays.

[Ferro-Alloys.com] After the Dragon Boat Festival, Chinese FeMo price slipped to RMB73,000-74,000/mt by acceptance. Downstream steel mills slowed stocking, so FeMo deals were slim. The transaction price approached RMB70,000/mt by acceptance. Overseas moly oxid...

[Ferro-Alloys.com]After the Dragon Boat Festival, Chinese FeMo price slipped to RMB73,000-74,000/mt by acceptance. Downstream steel mills slowed stocking, so FeMo deals were slim.

[Ferro-Alloys.com]Overseas moly oxide transacted at USD6.65/lbMo. Close to the summer vacations, steel’s operation rate lowered, in addition that buyers owned enough stock of raw materials, so the buying volumes were limited.

[Ferro-Alloys.com]Chinese FeMo was offered at RMB75,000-76,000/mt by acceptance. In mid-month, the entire market was depressed, as downstream steel mills purchased small volumes.

[Ferro-Alloys.com]Overseas moly oxide transaction price dropped to USD7/lbMo, and deals were concentrated on buying volumes of long-term contract, instead of spot buying activities.