[Ferro-Alloys.com]After summer vacations ended, the buying activities increased, as consumers returned to the market and supplemented raw materials. Moly oxide price rose to USD13.1-13.2.lbMo.

A Sichuan moly oxide exporter reported transaction of moly oxide in the Asian market at USD13.15/lbMo, after receiving more inquiries. It is expected that moly oxide price would trend higher in September, as consumers’ buying activities were more positive.

Overseas FeMo price crept upwards due to thinner spot offers. Large orders are expected to increase in the coming days, including one from a major steel mill for as much as 90mt. FeMo transacted at USD32/kgMo.

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• [Editor:Mango]