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[Ferro-Alloys.com]Overseas moly oxide transacted at USD11.4-11.5/lbMo, USD1/lbMo lower than last week. European steel mills’ operation rate was low, so local demand didn’t increase much. Japanese and S Korean customers were active in buying materials, and a Sichuan exporter sold two containers of moly oxide at USD11.4-11.5/lbMo.

It is expected that overseas moly oxide price would stabilize. European steel mills will tender FeMo, if its price is high, the FeMo market will recover a bit.

European FeMo transacted at USD28.5/kgMo, closing to the lowest level since April.

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• [Editor:Mango]