Chinese FeMo Price Kept Steady Due to Weak Demand
- Details
- Category: Molybdenum's News
- Published on 12 September 2014
- Written by jwy
- Hits: 297
Chinese FeMo price kept steady due to weak demand, which was offered at RMB98,000/mt (USD16,065/mt, export duty excluded) by acceptance. FeMo60 price began to rise at the end of August, presently it stabilized. Decreasing international market together with bad domestic consumption of steel made FeMo lose upward momentum. Major steel mills took intensive tenders in late month, transacting as low as RMB95,000/mt (USD15,573/mt, export duty excluded) by acceptance. Middle & small steel mills purchased FeMo as required, obtaining materials at RMB97,000/mt (USD15,901/mt, export duty excluded) by acceptance.
A Shaanxi FeMo supplier offered RMB98,000/mt (USD16,065/mt, export duty excluded) by acceptance for FeMo, and sold approximately 1,500mt every month. They mainly did old customer’s orders.
Moly concentrates stood at RMB1,350/mtu (USD221/mtu, export duty excluded) by acceptance.
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