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China's FeMo prices drop further on weakening sentiment


Over May 9-13, China's domestic price of ferromolybdenum (FeMo) under Mysteel's assessment continued to decline by a larger degree, as the bearish sentiment among both steelmakers and traders worsened, with most paring their prices, according to market sources.
As of May 13, the price of 60% FeMo in Liaoning in Northeast China, a core production hub for the noble alloy, slumped by Yuan 4,200/tonne ($618.7/t) on week to Yuan 177,800/t including the 13% VAT.   "Many FeMo traders chose to lower their offering prices to offload stocks as much as possible, betting that


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