[Ferro-Alloys.com]Overseas moly oxide transacted at USD7.6/lbMo, as buyers had little intention of purchasing materials.

[Ferro-Alloys.com]Chinese FeMo was offered at RMB76,000-77,000/mt by acceptance. Major steel mill’s tender price slipped to RMB74,000-74,500/mt by acceptance. Resource tax increase had little effect on moly price.

[Ferro-Alloys.com]Some of China's major stainless steel makers have settled their new tender prices in early May, in which we see a slight decline in the prices. All of JISCO, Baosteel and Tsingshan lowered their tender prices by RMB50/50MT.

Silicon metal market was unstable, and the price fell clearly in April. Now, because of the rain period in Yunnan and Sichuan main production district, so the silicon metal price is falling obviously

[Ferro-Alloys.com] As further downtrend of steelmakers bidding for May, it seems that silicon manganese spot market in China would be still hard to get out of dropping for the whole month.

[Ferro-Alloys.com]Since May, 1st, 2015, Chinese government will change resource tax of rare earth, W and Mo from ad specific to valorem tax.

cored wire

]This week LME nickel price rebounded a little, which closed at USD13455/mt on Apr.29th, rising by USDE740/mt than last week while nickel stock