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Ferromolybdenum Price Continiue Dropping
   Hits：   UpdateTime：2010-6-8 10:30:31
Keyword：ferromolybdenum
Elan Website Press：
     It is learned that the Mo-Fe market was quiet last weekend, with few inquiries. Current mainstream domestic market quotations for the Mo-Fe is 137000-140000/ mt.

    According to a ferromolybdenum manufacturer in Henan, there are few transactions recently, mostly with small-scale foundry mills and steel mills, and each batch of procurement is very small, about at hundreds kilograms. According to some traders in Henan, ferroalloy prices currently fall too fast, and their inventory is high-price stock, so they can not sell at all. According to a ferromolybdenum manufacturer in Liaoning Province, there was no transaction of bulk ferromolybdenum last weekend, and they only offer to steel mills. They has limited production and stopped offers of bulk ferromolybdenum.

    Recently domestic steel prices continued hitting record low, and bulk ferromolybdenum is hard to get support, so the price will continue dropping in the future.

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