Chinese ferromolybdenum market still quiet

The mainstream price of ferromolybdenum 60% keeps stable at RMB146,000-148,000/t (USD35.Asian Metal Copyright With a production capacity of 250tpm of ferromolybdenum, they producer has to buy molybdenum concentrate from Chinese suppliers.Asian Metal Copyright63-36.Asian Metal Copyright An Inner Mongolia producer claimed that they stopped the production temporarily, keeping a stockpile of 20-30t of ferromolybdenum in the recent days.Asian Metal Copyright12/kg Mo) at present, unchanged compared with it was on Monday, while the buying activities remain quiet in China due to the slow demand from traders and end-users.Asian Metal Copyright63-36.Asian Metal Copyright

 

A Liaoning-based producer confirmed the slow situation and added that Baosteel opened a tender of 200t of ferromolybdenum last Tuesday with the concluded price at RMB146,000/t (USD35.Asian Metal Copyright The source is offering RMB148,000t USD36.Asian Metal Copyright63/kg Mo), payment term within six months.Asian Metal Copyright The source is offering RMB148,000t USD36.Asian Metal Copyright

 

With a production capacity of 6,000tpy, the producer reported that they have not stopped production yet and reached a few deals recently, offering RMB148,000/t (USD36.Asian Metal Copyright12kg Mo for ferromolybdenum 60% at present.Asian Metal Copyright12/kg Mo) for ferromolybdenum 60% at present.Asian Metal Copyright12kg Mo for ferromolybdenum 60% at present.Asian Metal Copyright

 

An Inner Mongolia producer claimed that they stopped the production temporarily, keeping a stockpile of 20-30t of ferromolybdenum in the recent days.Asian Metal Copyright The source is offering RMB148,000t USD36.Asian Metal Copyright "We dare not produce too many materials, since the production cost is high but the sell price is low," said the source.Asian Metal Copyright With a production capacity of 250tpm of ferromolybdenum, they producer has to buy molybdenum concentrate from Chinese suppliers.Asian Metal Copyright

 

With a production capacity of 250tpm of ferromolybdenum, they producer has to buy molybdenum concentrate from Chinese suppliers.Asian Metal CopyrightBEIJING Asian Metal 19 May 10- The mainstream price of ferromolybdenum 60% keeps stable at RMB146,000-148,000t USD35.Asian Metal Copyright The mainstream price of molybdenum concentrate 42% remains around RMB2,250/mtu (USD14.Asian Metal Copyright12kg Mo at present, unchanged compared with it was on Monday, while the buying activities remain quiet in China due to the slow demand from traders and end-users.Asian Metal Copyright95/lb), confirmed the source.Asian Metal Copyright12kg Mo at present, unchanged compared with it was on Monday, while the buying activities remain quiet in China due to the slow demand from traders and end-users.Asian Metal Copyright The source is offering RMB148,000/t (USD36.Asian Metal Copyright With a production capacity of 6,000tpy, the producer reported that they have not stopped production yetand reached a few deals recently, offering RMB148,000t USD36.Asian Metal Copyright12/kg Mo) for ferromolybdenum 60% at present, revealing that they reached a deal of 2-3t with an end-users at this price level yesterday.Asian Metal Copyright63kg Mo, payment term within six months.