8th World Antimony Forum

Jun 11-12, 2020
Guiyang, Guizhou, China

12th Rare Earth Summit

May 18-19, 2020
Hangzhou, Zhejiang, China

11th Aluminum Raw Materials Summit

May 14-15, 2020
Hangzhou, Zhejiang, China

9th Magnesium Summit

TBD
Hangzhou, Zhejiang, China

13th World InBiGeGa Forum

TBD
Hangzhou, Zhejiang, China

7th World Antimony Forum

June 13-14, 2019
Changsha, Hunan, China

7th Refractory & Abrasive Materials Summit 2019

May 23-24, 2019
Qingdao, Shandong, China

10th Aluminum Raw Materials Summit

May 16-17, 2019
Zhengzhou, Henan, China

11th Rare Earth Summit

May 9-10, 2019
Qingdao, Shandong, China

8th Magnesium Summit

April 11-12, 2019
Zhuhai, Guangdong, China

12th World InBiGeGa Forum

March 14-15, 2019
Zhuhai, Guangdong, China

Chinese ferromolybdenum prices expected to drop further

2014-11-05 08:27:05  【Print】
BEIJING (Asian Metal) 5 Nov 14 - With tenders from many steel mills booked at lows of 89,000/t (USD24.2/kg Mo) by acceptance bill payment term at the end of October, many producers of ferromolybdenum 60%min lamented that though they have held offers at RMB89,000-92,000/t (USD24.Asian Metal Copyright “Many consumers request for a reduction in price and we will consider slashing figures accordingly in the following weeks,” said the source.Asian Metal Copyright2-25.1/kg Mo) so far this month, few deals have been concluded at this level and many consumers request for a reduction in price.

A large producer of ferromolybdenum 60%min from Liaoning reported that they have yet to adjust the prices and held offers at RMB90,000-92,000/t (USD24.5-25.1/kg Mo) so far this month.

“I have learnt that most tenders from steel mills were concluded as low as RMB89,000/t (USD24.2/kg Mo) by acceptance bill payment term”, said the source.Asian Metal Copyright “Many consumers request for a reduction in price and we will consider slashing figures accordingly in the following weeks,” said the source.Asian Metal Copyright “Many consumers request for a reduction in price and we will consider slashing figures accordingly in the following weeks,” said the source.

A second producer of ferromolybdenum 60%min located at Henan confirmed that they sold some materials to Baogang and Taigang at the end of last week at RMB89,000/t (USD24.2/kg Mo) by acceptance bill payment term.

“We mainly sell products to domestic large steel mills on long-term contracts and they are our most important clients,” said the source. “Most steel plants suffer from weak profits because of sluggish economy, so they always try their best to depress prices time and again.Asian Metal Copyright A large producer of ferromolybdenum 60%min from Liaoning reported that they have yet to adjust the prices and held offers at RMB90,000-92,000t USD24.Asian Metal Copyright We have no choice but to compromise and I think there is still possibility for figures to drop further by the end of this year in view of the sluggish demand and heavy oversupply.”

.Asian Metal Copyright1kg Mo so far this month, few deals have been concluded at this level and many consumers request for a reduction in price.Asian Metal Copyright

Molybdenum Oxide

57%min In port India

Unit:USD/lb
China's active ferromolybdenum producers' number statistics by province by month
Unit: pcs