[Ferro-Alloys.com]Chinese FeMo60 was offered at RMB94,000-95,000/mt (USD15,409-15,573/mt, export duty excluded) by acceptance. Major steel mills couldn’t support FeMo market, with deals concentrating on scattered buying activities. Steel mills’ tender price stood at RMB94,000-95,000/mt (USD15,409-15,573/mt, export duty excluded) by acceptance. On the other hand, overseas moly price slip affected the domestic market.

A Hebei FeMo supplier reported sales at RMB94,000-95,000/mt (USD15,409-15,573/mt, export duty excluded) by acceptance, and they mainly did old customer’s orders. It is expected that Chinese FeMo60 price would bottom, without room to drop further.

Chinese moly concentrates stood at RMB1,280-1,300/mtu (USD209-213/mtu, export duty excluded).

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• [Editor:Mango]