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WEEKLY: China's FeMo prices decline to 3-month low

ABSTRACT

Chinese prices of ferromolybdenum (FeMo) under Mysteel's survey retreated over October 18-22 after two weeks of rises, mainly due to domestic steel mills' weakened demand amid power usage curbs, market sources said.
As of October 22, the price of 60% FeMo in Northeast China, the key production region for the alloy, decreased to a new low since July 9, reaching Yuan 153,000/tonne ($23,975.1/t) including the 13% VAT, down by a significant Yuan 2,000/t on week, according to Mysteel's survey.   Last week, buying interest for FeMo

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