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Chinese ferromolybdenum prices rebound on active trading

Source: Mysteel Jun 06, 2022 14:00
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Ferroalloys Molybdenum Industry
China's ferromolybdenum (FeMo) prices bottomed out over May 30-June 2, snapping a weakening streak starting from mid-April, according to Mysteel's survey. Market sources observed that the improved trading activities prevented the prices from dropping further.
The price of 60% FeMo in Liaoning of Northeast China, a core production and trading hub for the noble alloy, increased to Yuan 169,000/tonne ($25,367/t) including the 13% VAT on June 2 - the last working day before the Dragon Boat Festival holiday over June 3-5, or having recovered by Yuan 400/t from the two-month

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