[Ferro-Alloys.com]In May,2015, China exported 328.5mt FeW, 4.475times higher than April (60mt) and 6.55times higher than last May(43.5mt).

[Ferro-Alloys.com]Chinese FeW price slipped to RMB134,000-135,000/mt by acceptance. When it came to July, steel mills cut output or made overhaul, decreasing the buying intention of raw materials, so FeW transaction volume was limited.

[Ferro-Alloys.com]Overseas FeW transacted at USD29.4-29.75/kgW. Chinese W concentrates cost drop pulled down FeW price. In addition, summer vocations approaching, many customers were destocking, but inquiries were slim.

[Ferro-Alloys.com]In Apr, 2015, China exported 60mt FeW, down 51.2% compared with 123mt last Apr, up 2times from 20mt in March, 2015.

[Ferro-Alloys.com]Chinese FeW was offered at RMB146,000/mt by acceptance, as steel mill’s orders were steady.

[Ferro-Alloys.com]After the tariff of FeW was removed, FeW quotation dropped to USD33/kgW.

[Ferro-Alloys.com]Since May, 1st, 2015, Chinese government will change resource tax of rare earth, W and Mo from ad specific to valorem tax.

[Ferro-Alloys.com]Since May1st, FeW export duty dropped to zero from 20%. Customers called to know the newest price after duty removal. Their buying intention improved, with many orders in negotiation.