Japan's 316 Stainless Steel Scrap Prices Weaken Tracking Molybdenum Traders
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- Category: Molybdenum's News
- Published on 22 July 2013
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Spot prices of SUS316 stainless scrap prices in Japan have weakened tracking spot molybdenum prices, local market sources said .
Two traders said their bids for several tons of SUS316 stainless scrap containing 16-18% chrome, 10-14% nickel and 2-3% moly were Yen 150/kg ($1.50/kg) ex-warehouse.
Spot deals had closed in the first week of the month at Yen 180-200/kg ex-warehouse for 1-50 mt for delivery within the month. The traders said they planned to bid lower following the fall in spot moly oxide powder prices.
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