Latest news on the China Molybdenum Concentrates market

Higher costs push China's FeMo prices to 38-month high

China's prices of ferromolybdenum (FeMo) have soared recently, mainly due to strong cost support from higher prices of moly concentrates and steady demand from steel mills, Mysteel Global learned.

China’s FeMo prices rise on higher costs, demand solid

The price of the 60% grade ferromolybdenum (FeMo) in Northeast China, a core trading hub, has sustained above Yuan 90,000/tonne ($12,960/t) since early July, mainly due to the higher raw material costs both in domestic moly concentrates and imported molybdic oxide, as well as stainless mills’ higher

China’s moly concs, FeMo prices recover on higher demand

Chinese prices of moly concentrates and ferromolybdenum (FeMo) lifted slightly over August 3-7, each driven by the increase in procurement from domestic FeMo smelters and stainless mills, a market source said on Monday.

Chinese moly concs sales recover on low and steady prices

China’s moly concentrates had regained popularity against the imported molybdic oxide among the Chinese ferromolybdenum (FeMo) smelters, due to its lower but steady prices since mid-July and its delivery convenience, market sources shared on Monday, noting that imported moly oxide was with supply ti

China FeMo prices stabilize on more buying by steel mills

After five weeks of softening, the price of 60% grade ferromolybdenum (FeMo) in Northeast China stayed flat on week at its nearly 36-month low of Yuan 86,000/tonne ($12,264/t) and including 13% VAT as of July 24, according to Mysteel’s assessment, mainly due to the Chinese stainless producers’ retur

Chinese moly concs price refreshes 35-month low

The price of 45% grade moly concentrates in Central China’s Henan province dipped further during the past week to reach a 35-month low of Yuan 1,230/mtu ($176/mtu) including 13% VAT as of July 17, according to Mysteel’s assessment. Domestic moly miners have cut their prices to try and boost sales, a

Weak demand leads China FeMo prices to refresh 35-m low

The price of ferromolybdenum (FeMo) with 60% content in Northeast China fell by another Yuan 1,000/tonne ($142.9/t) or 1.1% to reach Yuan 88,000/t including 13% VAT as of July 10, refreshing a 35-month low, according to Mysteel’s assessment. As this is the offseason for steel demand, the stainless m

China FeMo, moly concentrates prices slide to 35-m low

Prices of both ferromolybdenum (FeMo) and moly concentrates in China slid to their respective 35-month lows over June 29-July 3 mainly on the pressure of the lower-priced imported molybdic oxide, market sources shared on Monday.

China FeMo prices dip as increased imported raw material

The price of ferromolybdenum (FeMo) with 60% content in Northeast China dropped to a seven-month low of Yuan 96,000/tonne ($13,565.1/t) including the 13% VAT as of June 28, lower by another Yuan 2,000/t or 2% from June 19, according Mysteel’s assessment. FeMo prices continued to lose ground because

China moly concs prices dip as moly oxide slides globally

After remaining unchanged for two weeks, the price of 45% grade moly concentrates in Central China’s Henan province declined by Yuan 50/mtu ($7.1/mtu) on week to Yuan 1,440/mtu including the 13% VAT over June 15-19, returning to the level of April 21, according to Mysteel’s assessment. Prices soften