Chinese ferromolybdenum producers still watching

As the molybdenum price is moving up in overseas market, Chinese ferromolybdenum producers stopped lowering offers these days.Asian Metal Copyright The source always participates in the tenders held by major Chinese steel mills, disclosing that they are producing the materials booked by Baosteel last week.Asian Metal Copyright While some Chinese producers are still out of production, watching and waiting for a workable price, and the mainstream price is indicating at RMB130,000/t (USD31.Asian Metal Copyright The source always participates in the tenders held by major Chinese steel mills, disclosing that they are producing the materials booked by Baosteel last week.Asian Metal Copyright72/kg Mo) for ferromolybdenum 60% for the moment.Asian Metal Copyright "Though we import molyoxide by long-term contract for production, the profit of selling ferromolybdenum at RMB130,000t USD31.Asian Metal Copyright

 

A Liaoning-based producers with a production capacity of 400-500tpm told Asian Metal that they didn't make offers for ferromolybdenum in the past weeks on account of low concluded prices.Asian Metal Copyright72kg Mo remains thin," said the source, who prefers to watch for another week.Asian Metal Copyright

 

"Though we import molyoxide by long-term contract for production, the profit of selling ferromolybdenum at RMB130,000/t (USD31.Asian Metal Copyright72kg Mo for ferromolybdenum 60% for the moment.Asian Metal Copyright72/kg Mo) remains thin," said the source, who prefers to watch for another week.Asian Metal Copyright A Liaoning-based producers with a production capacity of 400-500tpm told Asian Metal that they didn't make offers for ferromolybdenum in the past weeks on account of low concluded prices.Asian Metal Copyright

 

Another Henan-based producer with a production capacity of 8,000tpy didn't make offers for ferromolybdenum in spot market these days either.Asian Metal Copyright72kg Mo remains thin," said the source, who prefers to watch for another week.Asian Metal Copyright The source always participates in the tenders held by major Chinese steel mills, disclosing that they are producing the materials booked by Baosteel last week.Asian Metal Copyright AnotherHenan-based producer with a production capacity of 8,000tpy didn't make offers for ferromolybdenum in spot market these days either.Asian Metal Copyright

 

Moreover, many Chinese special steel mills, who usually buy 20-50t of ferromolybdenum every month, claims that they still have enough inventories of the material in stock as they are overhauling, so the latest purchase should happen next week or later.Asian Metal Copyright .