Japan Steel Mills Maximise Q3 Term Options for molybdenumbdenum Oxide as Demand Rises ,2013-II
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- Category: Molybdenum's News
- Published on 03 July 2013
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Japanese steelmakers typically have annual term contracts for molybdenum oxide running from April-March, with a minimum requirement to lift one cargo each month.
And an option to take delivery of another two to four parcels each quarter. Each cargo comprises 20 mt of molybdenum oxide.
"If my customers need more molybdenum oxide [for Q3], they will have to buy from the spot market as they have reached their limit [on the term contract]," said one Tokyo-based trader.
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