Ferromolybdenum market still dull in China

8 Jul 10 – Most producers are offering RMB127,000-128,000/t (USD31.Asian Metal Copyright13-31.Asian Metal Copyright13-31.Asian Metal Copyright BEIJING Asian Metal 8 Jul 10 – Most producers are offering RMB127,000-128,000t USD31.Asian Metal Copyright37/kg Mo) for ferromolybdenum 60% at present, and the buying activities have not recovered yet with a few deals concluded.Asian Metal Copyright Asian Metal learnt that Baosteel opened a tender early this week, with the concluded price at RMB124,500t USD30.Asian Metal Copyright

A Liaoning-based producer, with a production capacity of 270tpm, is offering RMB127,000-128,000/t (USD31.Asian Metal Copyright .Asian Metal Copyright13-31.Asian Metal Copyright .Asian Metal Copyright37/kg Mo) for ferromolybdenum 60% for the moment, and there were some dealers from South China bought several small tonnages of the materials in the past three days.Asian Metal Copyright13-31.Asian Metal Copyright

"All the deals were small-sized and less than 10t," said the source, confirming that demand from downstream buyers is still slow and dull.Asian Metal Copyright BEIJING Asian Metal 8 Jul 10 – Most producers are offering RMB127,000-128,000t USD31.Asian Metal Copyright

Another Liaoning-based producer is offering RMB128,000/t for ferromolybdenum 60% at the present and refuse to accept RMB126,000/t (USD30.Asian Metal Copyright Asian Metal learnt that Baosteel opened a tender early this week, with the concluded price at RMB124,500t USD30.Asian Metal Copyright88/kg Mo) for the time being, while another official from this company disclosed to Asian Metal that most staffs are on holiday because of the slow situation of molybdenum market.Asian Metal Copyright37kg Mo for ferromolybdenum 60% for the moment, and there were some dealers from South China bought several small tonnages of the materials in the past three days.Asian Metal Copyright

"We have stopped production for about one month and are selling the stockpiles," said the source.Asian Metal Copyright A Liaoning-based producer, with a production capacity of 270tpm, is offering RMB127,000-128,000t USD31.Asian Metal Copyright "When will we come to work depends on the market trend.Asian Metal Copyright A Liaoning-based producer, with a production capacity of 270tpm, is offering RMB127,000-128,000t USD31.Asian Metal Copyright" The official revealed that the summer season used to be dull in the past years, and he predicted the ferromolybdenum price may go down further in the coming two weeks.Asian Metal Copyright "We have stopped production for about one month and are selling the stockpiles," said the source.Asian Metal Copyright

Asian Metal learnt that Baosteel opened a tender early this week, with the concluded price at RMB124,500/t (USD30.Asian Metal Copyright Asian Metal learnt that Baosteel opened a tender early this week, with the concluded price at RMB124,500t USD30.Asian Metal Copyright51/kg Mo) for 100t of ferromolybdenum 60%, while the last tender was concluded at RMB127,000/t (USD31.Asian Metal Copyright" The official revealed that the summer season used to be dull in the past years, and he predicted the ferromolybdenum price may go down further in the coming two weeks.Asian Metal Copyright13/kg Mo) late June.Asian Metal Copyright37kg Mo for ferromolybdenum 60% for the moment, and there were some dealers from South China bought several small tonnages of the materials in the past three days.Asian Metal Copyright