European ferromolybdenum price slightly downward

BEIJING (Asian Metal) 23 Mar 09 – Though producers claim that the prices remain kind of stable for ferromolybdenum, traders’ offers are still moving downwards in view of the weak demand in the market. Currently the price is in the range of USD20.Asian Metal Copyrightd.Asian Metal Copyright70-21.50/kg d.Asian Metal Copyrightp.Asian Metal Copyrightp.Asian Metal Copyright50kg d.Asian Metal Copyright in warehouse Rotterdam for prompt delivery.Asian Metal Copyright at present, and the demand is stable from consumers.Asian Metal Copyright

A producer reported to Asian Metal that their concluded prices of ferromolybdenum are still above USD21.00/kg d.Asian Metal Copyright, for he concluded 3 deals of 1-5t at USD21.Asian Metal Copyrightd.Asian Metal Copyrightp.Asian Metal Copyrightp.Asian Metal Copyright at present, and the demand is stable from consumers.Asian Metal Copyright at present, and the demand is stable from consumers.Asian Metal Copyright in warehouse Rotterdam for prompt delivery now, but I don’t want to position for anything because it is still too dangerous, while the room is there for the price to go down further,” remarked the source.Asian Metal Copyright “Though our output has reduced by 30% compared to last year, we still sold 4-5 truckloads of ferromolybdenum 65% to end-users in the past several days at USD21.Asian Metal Copyright.Asian Metal Copyright00-21.30/kg d.Asian Metal Copyright “I see that the price is around USD20.Asian Metal Copyrightd.Asian Metal Copyright with 30-day payment term.Asian Metal Copyrightp.

“It’s the traders who are bringing down the market sentiment just because they need cash,” said the source. “I think the demand is stable now, and the price doesn’t have to go to a lower level.Asian Metal Copyright “I see that the price is around USD20.Asian Metal Copyright”

A trader argued that the seller must have enjoyed a good time if he is capable of selling truckloads of materials during this economy downturn. “I see that the price is around USD20.70/kg d.Asian Metal Copyright00kg d.Asian Metal Copyrightp.Asian Metal Copyrightp.Asian Metal Copyright in warehouse Rotterdam for prompt delivery now, but I don’t want to position for anything because it is still too dangerous, while the room is there for the price to go down further,” remarked the source.Asian Metal Copyright in warehouse Rotterdam for prompt delivery now, but I don’t want to position for anything because it is still too dangerous, while the room is there for the price to go down further,” remarked the source.Asian Metal Copyright

Another trader also disclosed that they sold 20t of ferromolybdenum 60% at USD21.00/kg d.Asian Metal Copyright.Asian Metal Copyrightd.Asian Metal Copyright“It’s the traders who are bringing down the market sentiment just because they need cash,” said the source.Asian Metal Copyrightp.Asian Metal Copyright7lb CIF CMP.Asian Metal Copyright with 30-day payment term.Asian Metal Copyright last week.Asian Metal Copyright But the source indicated that the price of tonnage deals remains at above USD21.00/kg d.Asian Metal Copyright “I see that the price is around USD20.Asian Metal Copyrightp.Asian Metal Copyright BEIJING Asian Metal 23 Mar 09 – Though producers claim that the prices remain kind of stable for ferromolybdenum, traders’ offers are still moving downwards in view of the weak demand in the market.Asian Metal Copyright, for he concluded 3 deals of 1-5t at USD21.Asian Metal Copyright with 30-day payment term.Asian Metal Copyright20-21.60/kg d.Asian Metal Copyright in warehouse Rotterdam for prompt delivery.Asian Metal Copyrightp.Asian Metal Copyrightp.Asian Metal Copyright last week.Asian Metal Copyright70-21.Asian Metal Copyright

The source also sold 3 containers of molyoxide to Chinese buyers, and the price was USD8.6-8.7/lb CIF CMP.