Overview on Parts of EMM Enterprises in China 2015

[Ferro-Alloys.com]Overseas moly oxide transacted at USD7.6/lbMo, as buyers had little intention of purchasing materials.

[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]Some of China's major stainless steel makers have settled their new tender prices in early May, in which we see a slight decline in the prices. All of JISCO, Baosteel and Tsingshan lowered their tender prices by RMB50/50MT.

[Ferro-Alloys.com] It is reported that silicon manganese production in Q1 of 2015 for Wulanchabu City reached 236

Tsingshan May 2015 HC Ferrochrome Tender Price Announcement

[Ferro-Alloys.com] As further downtrend of steelmakers bidding for May, it seems that silicon manganese spot market in China would be still hard to get out of dropping for the whole month.

So far, the price of EMM in European countries kept stable. According to the latest MB data, the price of #99.7% EMM from Rotterdam warehouse still was about USD1900-1950/mt.