UTC+8 ( BJT)

China FeMo prices decline on mills' shrinking demand

ABSTRACT

Chinese prices of ferromolybdenum (FeMo) under Mysteel's tracking moved down during the June 20-24 week, undermined by the decline in bidding prices tabled by steelmakers, market sources said.
As of June 24, the price of 60% FeMo in Liaoning in Northeast China, a key production and trading hub for the noble alloy, had decreased to Yuan 178,700/tonne ($26,715.7/t) including the 13% VAT, retreating by Yuan 1,500/t on week from the prior week's gain, according to Myteel's survey.   "Most steel

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