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Quotations have risen in the Chinese FeMo market, because of the growth of Mo oxide, the main raw material for the alloy production. Suppliers have managed to insist on a sizeable increase (RMB 50/t) and offers are voiced at RMB 94,000-96,000/t EXW. Some players think positions of local producers will weaken soon as clients do not want to buy at the current prices, but the others are sure production expenses will not allow producers to reduce offers.

Offers of FeV stay at last month?s RMB 78,000-80,000/t EXW. The material (80% V) is still offered to foreign end users at $24.5-25.5/kg V FOB.

• [Editor:Mango]