[Ferro-Alloys.com]Chinese FeMo price dropped to RMB91,000-92,000/mt (USD14,918-15,081/mt, export duty excluded) by cash. At the end of September, major steel mills entered the market for FeMo, enlarging the entire buying volumes. The transaction price concentrated on RMB92,000-93,000/mt (USD15,081-15,245/mt, export duty excluded) by acceptance.

A Hebei FeMo supplier offered RMB91,000-92,000/mt (USD14,918-15,081/mt, export duty excluded) by cash for FeMo60, and old customers bought slim volumes. It is expected that FeMo price would soften, as steel mills press tender price.

Chinese moly concentrates stood at RMB1,280-1,300/mtu (USD209-213/mtu, export duty excluded).

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• [Editor:Mango]