[Ferro-Alloys.com] European molybdic oxide prices have fallen by almost 20% since the end of April, generating renewed interest from Chinese importers, market participants told Metal Bulletin.

 

This month Chinese buyers agreed on a purchase of more than 600 tonnes of the material for their own production rather than for re-export purposes, sources said on Wednesday July 24. “It is the first time after 2009 that European prices are so close to the Chinese market levels, providing opportunities for local ferro-molybdenum makers and traders to import,” a ferro-molybdenum producer from Liaoning province said.