Medium price of USD vs. renminbi stood at 6.4010 on August 13 after a 3-day consecutive depreciation. Total depreciation rate reached 4.6%. August 18 saw it rise a bit. How did the fluctuation these days influence molybdenum import and export?

[Ferro-Alloys.com]Chinese FeMo was quoted at RMB63,000/mt by acceptance. Major steel mills cut the tender price, transaction price dropped further. Overseas moly oxide traded at USD5.8-5.9/lbMo.

[Ferro-Alloys.com]In June, 2015, China exported 102mt FeMo, down 77% Y-o-Y(445mt), but up 57% M-o-M(65mt).

Chinese FeMo price kept flat，FeMo60 quoted at RMB62,000 per ton and 64,000 by acceptance. At the beginning of August, mainstream steel mills finished their FeMo tender purchase at a new low price of RMB60, 000 per ton by acceptance.

[Ferro-Alloys.com]Chinese FeMo60 was quoted at RMB64,000/mt by acceptance. In early August, the tenders of big steel mills ended, transaction price lowering to RMB60,000/mt by acceptance.

[Ferro-Alloys.com]Though The State Bureau of Material Reserve speeded up its pace saving molybdenum oxide, China’s molybdenum market remained sluggish since oversea molybdenum oxide price continued its drop.

[Ferro-Alloys.com]Chinese FeMo was quoted at RMB64,000/mt by acceptance. In late month, major steel mills didn’t launch bids, deals concentrating on scattered buying activities. The transaction price hit a new low, for mills made loss and decreased tender vol...

It is predicted that FeMo market price in Chinese market won’t drop further since it has reached bottom, but its rise is expected as early as revival of steel industry on September. Oversea Molybdenum Oxide price also bottomed and would not rise notably till ...