UTC+8 ( BJT)

China’s FeMo prices reach 11-year high

ABSTRACT

The domestic price of 60% ferromolybdenum (FeMo) in Northeast China, a key production hub of the noble alloy, had strengthened by Yuan 15,000/tonne ($2,319/t) on week as of June 18, and hit a 11-year high of Yuan 162,000/t on June 17, according to Mysteel’s survey. Market sources mainly attributed the price hikes to the Chinese smelters passing along higher production costs.
Last week, the price of molybdenum concentrates, the key raw material for FeMo production,grew further, the data showed. According to Mysteel’s assessment, the price of moly concentrates with 45% Mo content in Central China’s Henan, a key mining area, hadincreased to a nine-year high of Yuan 2,380/mtu as of June

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