[Ferro-Alloys.com]Chinese Femo60 was offered at RMB97,000-98,000/mt (USD15,901-16,065/mt, export duty excluded) by acceptance. In mid-month, steel mills didn’t launch much tender, and deals were concentrated on scattered buying activities, transacting at RMB95,000-96,000/mt (USD15,573-15,737/mt, export duty excluded) by acceptance. Traders were watchful, so the entire deals were limited.

A Hebei Femo supplier offered RMB97,000-98,000/mt (USD15,901-16,065/mt, export duty excluded) by acceptance for FeMo60, and old customers purchased fix volumes. It is expected that Chinese FeMo60 would keep steady till September, when buying activities recover.

Moly concentrates stood at RMB1,320-1,330/mtu (USD216-218/mtu, export duty excluded), unchanged from last week.

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• [Editor:Mango]