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[Ferro-Alloys.com]Chinese FeMo transacted at RMB58,000-59,000/mt by acceptance. Major steel mills such as BaoSteel and Taiyuan Iron & Steel planned to launch tenders, but still suspicious about each other.

[Ferro-Alloys.com]Overseas moly oxide transacted at USD5.7/lbMo, as European economy didn’t recover.

Medium price of USD vs. renminbi stood at 6.4010 on August 13 after a 3-day consecutive depreciation. Total depreciation rate reached 4.6%. August 18 saw it rise a bit. How did the fluctuation these days influence molybdenum import and export?

[Ferro-Alloys.com]Chinese FeMo was quoted at RMB63,000/mt by acceptance. Major steel mills cut the tender price, transaction price dropped further. Overseas moly oxide traded at USD5.8-5.9/lbMo.

[Ferro-Alloys.com]In June, 2015, China exported 102mt FeMo, down 77% Y-o-Y(445mt), but up 57% M-o-M(65mt).

Chinese FeMo price kept flat，F(xiàn)eMo60 quoted at RMB62,000 per ton and 64,000 by acceptance. At the beginning of August, mainstream steel mills finished their FeMo tender purchase at a new low price of RMB60, 000 per ton by acceptance.

[Ferro-Alloys.com]Chinese FeMo60 was quoted at RMB64,000/mt by acceptance. In early August, the tenders of big steel mills ended, transaction price lowering to RMB60,000/mt by acceptance.

[Ferro-Alloys.com]Though The State Bureau of Material Reserve speeded up its pace saving molybdenum oxide, China’s molybdenum market remained sluggish since oversea molybdenum oxide price continued its drop.