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USA: Trading to Speed up in Noble Alloy Market

Quotations of ferromolybdenum (60-70% Mo) have risen as deals are mostly closed for small batches. The market is generally quiet, inquiries being rare. The material is sold at $15.75-16.2/lbMo DDP (up 1.4% w-o-w) or $17/lb Mo DDP for prompt delivery. Molybdenu...

Monday, September 1, 2014

Europe: Trading Slow in Noble Alloy Market

This week, demand has firmed in the European market for 70% Ti ferrotitanium market. Clients have requested a total of 500t, which is why trading is expected to speed up in early September. The alloy is now offered at $6.15-6.3/kg Ti FCA Rotterdam duty paid (...

Monday, September 1, 2014

China's production of ferroalloys in July 3.0849 MT

The production volume of ferroalloys in July 2014 released by the National Bureau of Statistics of China was 3.0849 million tons, up by 9.5% from the year-earlier month but down by 11.8% from the prior month.

Monday, September 1, 2014

South Korea FeMn Alloy Market Price Kept Unchanged

Buyers have been slow to close contracts in the South Korean export market for manganese alloys in late August. High-carbon ferromanganese (75% Mn) is stillavailable at $1,000-1,050/t F0B and the material (73% Mn) - at $1,000/t F0B.

Monday, September 1, 2014

Europe: FeMo Market Awaits Price Iincrease

This week, trading has remained week in the European market for molybdenum products, the number of inquiries for ferromolybdenum shipments growing. FeMo (60-70% Mo) are voiced at $31.9-32.3/kg Mo FCA Rotterdam ($31.9-32.5/kg Mo FCA Rotterdam last week).

Monday, September 1, 2014

High FeNi Benchmark Price in Sep.. Declined-China (Aug.25th-Aug..29th)

In total, the operating rate in South areas were better than that of north areas. Even though the capacity release rate recovered slightly, the production were still highly restricted by the nickel ores supply and the poor market. In Shandong province, the str...

Monday, September 1, 2014

High FeCr Price in China Totally Declined (Aug.25th-Aug..29th)

In recent week the high carbon ferrochrome totally declined by RMB50-100/mt along with the new round of purchase of steel mills. Now the mainstream price of Domestically produced FeCr was RMB6200-6450/mt. the import FeCr price stayed stable as India ferrochrom...

Monday, September 1, 2014

Baosteel Q1 net falls 98 pct, sees weak H1

China's top steelmaker, Baosteel (600019.SS), lagged market forecasts with a 97.7 percent drop in first-quarter net profit, as global demand weakened for products from cars to industrial machinery.

Monday, September 1, 2014
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