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[Ferro-Alloys.com] Chinese FeMo price stabilized at RMB56,000/mt by cash in gold September. In mid-month, major steel mills didn’t launch tenders, deals concentrating on scattered buying activities.

[Ferro-Alloys.com]Overseas moly oxide transacted at USD5.6/lbMo. After summer vacations ended, European and American steel industry was underperformed, so buyers had no extra spot demand.

[Ferro-Alloys.com]In July, China exported 110mt FeMo, down 76.9 Y-o-Y(478mt) and up 7.8% M-o-M(102mt).

[Ferro-Alloys.com]Chinese FeMo price stabilized at RMB56,000/mt by cash in gold September.

[Ferro-Alloys.com]Chinese FeMo was offered at RMB58,000-59,000/mt by acceptance.

[Ferro-Alloys.com]Overseas moly oxide price edged down to USD5.95/lbMo, as European demand was underperformed after vacations ending.

[Ferro-Alloys.com]Chinese FeMo transacted at RMB57,000-58,000/mt by acceptance. Steel industry was still depressed in September, resulting in that producers purchased needed volumes.

[Ferro-Alloys.com]Overseas moly oxide price rose to USD5.9-6/lbMo. European consumers restocked materials after the summer vacations ended, the market trended uptick.