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Chinese moly concs sales recover on low and steady prices

Source: Mysteel Aug 03, 2020 15:00
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FeMo Molybdenum Concentrates Industry
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 tightness too.
As of July 31, the price of the 45% grademoly concentratesin Central China’s Henan provincestayedat its 39-month low of Yuan 1,230/mtu($176.4/mtu)and including the 13% VAT, unchanged for three consecutive weeks after its sharp decline since July 14, according to Mysteel’s assessment. By the end of July, the Asian moly oxide

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