-
China’s prices of ferromolybdenum (FeMo) and molybdenum concentrates remained unchanged at high levels over July 19-23, according to Mysteel’s survey, though market sources observed that buying interest among Chinese steelmakers for FeMo softened last week.
-
Chinese prices of ferromolybdenum (FeMo) rose for the second successive week over July 12-16, according to Mysteel’s regular survey. Market watchers noted that the rebound in FeMo prices was mainly due to the smelters’ higher production costs and improved market sentiment, boosted by the increase in prices of moly concentrates.
-
Chinese prices of ferromolybdenum (FeMo) reversed up over July 5-9, Mysteel’s regular survey has found, ending the steady decline since mid-June. Market sources noted that Chinese mills became more active in replenishing inventories of FeMo last week. Amid the tight supplies of the ferroalloy, most mills were obliged to raise their bidding prices to acquire what they need, and this fuelled the FeMo price rebound.
-
Prices of both ferromolybdenum (FeMo) and moly concentrates in China assessed by Mysteel continued tracking south over June 28-July 2. Industry watchers remarked that the overall market sentiment weakened last week, with Chinese steel mills’ demand being average.
-
After the series of rises since early June, the domestic price of ferromolybdenum (FeMo) in China headed south over June 21-25, according to Mysteel’s price tracking. The retreating FeMo prices mainly reflected the decline in bidding prices tabled by Chinese mills, market sources commented.
-
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.
-
The price of 60% ferromolybdenum (FeMo) in Northeast China, a key production region for this noble alloy, reached a ten-year high of Yuan 145,000/tonne ($22,649/t) EXW and including the 13% VAT as of June 11 after having risen drastically by Yuan 22,000/t on week, according to Mysteel’s regular survey. Market sources attributed the surging price to the ever-rising prices of moly oxide in the global market and higher production costs among Chinese miners.
-
China’s ferromolybdenum (FeMo) price jumped at the end of last week to a more than1.5-year high, mainly following the surge in global market prices, Mysteel’s latest assessment shows. Market sources said the price surges were triggered by concerns over moly concentrate supply as global miner Codelco’s production was disrupted.
-
China’s ferromolybdenum (FeMo) price retreated over May 24-28, bringing an end to the steady climb since late April, Mysteel’s assessment showed. As of May 28, the price of 60% FeMo in Northeast China, a key production hub of the noble alloy, had declined by Yuan 2,000/tonne ($314/t) on week to Yuan 123,000/t EXW and including the 13% VAT, while the price of moly concentrates continued to gain ground over the period.
-
The price of 60% ferromolybdenum (FeMo) in Northeast China, the key production region for the alloy, climbed further to a 19-month high of Yuan 125,000/tonne ($19,475/t) including the 13% VAT as of May 21, up by Yuan 2,000/t on week, according to Mysteel’s tracking. Chiefly responsible for the boost in FeMo prices was the lift in production costs the Chinese smelters are weathering, market sources said, pointing out that actual trading of the ferroalloy was mediocre.
-
China’s ferromolybdenum (FeMo) market climbed further last week thanks to higher prices in the global market and support from rising production costs, according to Mysteel’s assessment. The offering price of 60% FeMo in Northeast China, a key production hub, increased by Yuan 7,000/tonne ($1,087.8/t) on week to Yuan 123,000/t including the 13% VAT as of May 14, hitting a 15-month high, the data showed.
-
The price of 60% ferromolybdenum (FeMo) in Northeast China, a key production hub of the noble alloy, continued to climb last week thanks both to active buying and high production costs, sources said. The price hit a one-year high of Yuan 116,000/tonne ($18,038/t) including the 13% VAT as of May 7, up by Yuan 1,000/t on week, according to Mysteel’s assessment.
-
China’s price of ferromolybdenum (FeMo) remained unchanged on week at Yuan 113,000/tonne ($17,424.6/t) including the 13% VAT as of April 23, according to Mysteel’s assessment. The firmness of the price was attributed to the improved buying interest among domestic stainless mills rebuilding inventory of FeMo before the Labour Day holiday over May 1-5, a market source said on Monday.
-
The offering price of 60% ferromolybdenum (FeMo) in Northeast China, a key production region for the noble alloy, remained stable for the most part last week though it retreated by Yuan 1,000/tonne ($153.3/t) on week to Yuan 113,000/t as of April 16, according to Mysteel’s latest report. The price was mainly dragged down by weakened demand from China’s mills and the falling prices of moly oxide in other Asian countries.
-
The price of 60% ferromolybdenum (FeMo) in Northeast China, a key production and trading hub of the ferroalloy, increased to Yuan 114,000/tonne ($17,396/t) including the 13% VAT as of April 9, up by Yuan 3,000/t on week and bringing an end to the downtrend since mid-March, according to Mysteel’s assessment. The rise was mainly due to the higher prices of raw materials, sources said.
-
The price of 60% ferromolybdenum (FeMo) in Northeast China, a key production hub of the noble alloy, declined by Yuan 1,000/tonne ($152.5/t) on day to Yuan 111,000/t including the 13% VAT as of last Tuesday, and stayed unchanged for the rest of the week. Moly market watchers said active bidding from Chinese mills and the rebound in global prices of molybdic oxide had helped prop up the price.
-
The price of 60% ferro-molybdenum in Northeast China, a key production region for the alloy, dipped for the third week over March 22-26, easing by Yuan 2,000/t on week, according to Mysteel’s assessment. Last week, China’s major smelters lowered their offering prices of FeMo by Yuan 3,000/t on week to Yuan 110,000-113,000/t including the 13% VAT, on noting the weakened market sentiment.
-
The price of ferromolybdenum (FeMo) in China declined to a one-month low of Yuan 114,000/tonne ($17,521.8/t) including the 13% VAT by March 19, mainly as a consequence of sliding bidding prices submitted by domestic steel mills last week, according to Mysteel’s latest survey.
-
The price of 60% ferromolybdenum (FeMo) in Northeast China, a key production hub of the noble alloy, last week came off the one-year high it achieved the previous week, declining to Yuan 115,000/tonne ($17,675.5/t) including the 13% VAT as of March 12, down Yuan 1,000/t on week. Mysteel’s latest weekly survey found that steelmakers were bidding at lower prices in reaction to softening sentiment.
-
The price of 60% ferromolybdenum (FeMo) in Northeast China, the key production region for the ferroalloy, remained unchanged on week at its one-year high of Yuan 116,000/tonne ($17,817.6/t) including the 13% VAT as of March 5, according to Mysteel’s latest weekly survey. Although high production costs propped up the FeMo prices, most mills’ buying interest softened to some extent compared with the previous week.
