Ferro Molybdenum Price - August 9, 2019
- Details
- Category: Molybdenum's News
- Published on 09 August 2019
- Written by Shuxia
- Hits: 179
In the ferro molybdenum market, Chinese export prices have surged by almost 13pc since the beginning of July, and this in turn has boosted prices elsewhere, particularly in Europe. By comparison, prices for 65-70pc grade alloy rose by 1.7pc over the same period, Argus data show.
The price differential is likely to encourage Chinese participants to buy directly from Rotterdam, or to see South Korea diverting alloy to China, thus alleviating supply pressures in Europe.
Despite the duty on exports to China, European sellers and Chinese buyers are likely to achieve profits as the price difference rose to $5/kg on 1 August, which is the widest spread since August 2017, Argus data show.
Prices of molybdenum products on August 9, 2019
Picture of molybdenum powder
Follow our WeChat to know the latest molybdenum price, information and market analysis.
| Molybdenum Supplier: Chinatungsten Online www.molybdenum.com.cn | Tel.: 86 592 5129696; Fax: 86 592 5129797;Email: This email address is being protected from spambots. You need JavaScript enabled to view it. |
| Tungsten News & Prices, 3G Version: http://3g.chinatungsten.com | Molybdenum News & Molybdenum Price: http://news.molybdenum.com.cn |
sales@chinatungsten.com