[Ferro-Alloys.com]After the Dragon Boat Festival, Chinese FeMo price slipped to RMB73,000-74,000/mt by acceptance. Downstream steel mills slowed stocking, so FeMo deals were slim.

[Ferro-Alloys.com]Overseas moly oxide transacted at USD6.65/lbMo. Close to the summer vacations, steel’s operation rate lowered, in addition that buyers owned enough stock of raw materials, so the buying volumes were limited.

[Ferro-Alloys.com]Chinese FeMo was offered at RMB75,000-76,000/mt by acceptance. In mid-month, the entire market was depressed, as downstream steel mills purchased small volumes.

[Ferro-Alloys.com]Overseas moly oxide transaction price dropped to USD7/lbMo, and deals were concentrated on buying volumes of long-term contract, instead of spot buying activities.

According to the calculation to figure out volumes of molybdenum import and export in pure Mo equivalent based on foreign trade statistics of United States Department of Commerce, the export volume during January to April in 2015 was 16.19 million lbs, down by...

[Ferro-Alloys.com]Chinese FeMo was offered at RMB75,000-76,000/mt by acceptance. In mid-month, steel mills pressed the tender price of FeMo, reportedly, A steel mill in East China tendered 50mt FeMo at RMB73,000/mt by acceptance.

[Ferro-Alloys.com]Overseas moly oxide price dropped, transacting at USD7.4/lbMo. In summer, European steel operation rate was low, and buyers owned raw materials stock, so spot deals were limited.

[Ferro-Alloys.com]Chinese FeMo was offered at RMB75,000-76,000/mt by acceptance. In late May, major steel mills entered the market, but the tender price was not as expected.