[Ferro-Alloys.com]Chinese FeMo was offered at RMB76,000-77,000/mt by acceptance. Major steel mill’s tender price slipped to RMB74,000-74,500/mt by acceptance. Resource tax increase had little effect on moly price.

[Ferro-Alloys.com]Chinese FeMo was offered at RMB77,000-78,000/mt by acceptance. Major steel mills such as Baosteel and Taiyuan Iron & Steel will enter the market, whose tender price affects FeMo trend. A steel mills in East China tendered 120mt FeMo, transact...

[Ferro-Alloys.com]Overseas moly oxide was offered at USD7.9-8/lbMo, and transacted at USD7.8-7.9/lbMo. Despite that the 15% export duty of moly oxide was removed, export price didn’t drop much.

[Ferro-Alloys.com]Chinese FeMo was offered at RMB77,000-79,000/mt by acceptance. Major steel mills in high debt pressed the tender price and delayed payment, leading to FeMo suppliers unprofitable.

[Ferro-Alloys.com]Overseas moly oxide price dropped to USD7.8-7.9/lbMo, as the spot demand was slim. Steel mills decreased the buying volumes of raw materials, leading to moly oxide downturn.

[Ferro-Alloys.com]Chinese FeMo was offered at RMB79,000-80,000/mt by acceptance. In mid-month, only several steel mills purchased FeMo raw materials, deals concentrating on scattered buying activities.

[Ferro-Alloys.com]In early April, Chinese FeMo price softened. At the end of last month, major steel mills cut the tender price for FeMo to RMB77,000/mt, but middle & small mills’ transaction price just reached RMB80,000/mt. Presently, the FeMo buying activit...

[Ferro-Alloys.com]Overseas moly oxide was offered at USD8.3-8.4/lbMo, but the market was quiet due to Easter holidays. Exporters reported that customers didn’t send inquiries till tomorrow. European steel market was sluggish, decreasing the demand for moly ma...