Chinese FeMo Price Kept Steady, and Expected to Rise Further

  • Tuesday, August 26, 2014
  • Source:ferro-alloys.com

  • Keywords:FeMo ferromoly moly concentrates moly oxide
[Fellow][Ferro-Alloys.com]Chinese FeMo was offered at RMB-/mt by acceptance.

[Ferro-Alloys.com]Chinese FeMo was offered at RMB97,000-98,000/mt (USD15,901-16,065/mt, export duty excluded) by acceptance. In late month, steel mills were positive to input FeMo, transacting at RMB95,000-96,000/mt (USD15,573-15,737/mt, export duty excluded) by acceptance.

A Hebei FeMo supplier offered RMB97,000-98,000/mt (USD15,901-16,065/mt, export duty excluded) by acceptance for FeMo. Traders see upward market in the near future, planning to stock some materials. It is expected that FeMo price would rise with warm demand.

Moly concentrates stood at RMB1,320-1,330/mtu (USD216-218/mtu, export duty excluded), unchanged from last week.

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  • [Editor:Mango]

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