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Ferromolybdenum Market Keeps Stable with Participants Waiting and Seeing.6.23
   Hits:   UpdateTime:2010-6-24 9:41:03
Keyword:ferromolybdenum
Elan Website Press:

   Domestic ferromolybdenum prices keep high, with relatively active market inquiry, as current market quotations of raw materials is firm, but the actual volume is not large. Current mainstream domestic market quotations for Mo-Fe is 134000-137000 / mt. 

    According to some manufacturers in Jinzhou District, current offer is 13.5 yuan / mt, but the market inquiry is weak, with little turnover. Some manufacturers in the region give the offer at about 140000yuan / mt, but it is learned that the actual transaction situation is not optimistic.
     

    It is reported that a domestic steel mill in East China invite tender for 150 tons of ferromolybdenum, with tender price at12.7yuan /mt (cash). It is learned that, current International ferromolybdenum market tend to be weak in stability, and the market transaction volume is not large.
   

   In summary, ferromolybdenum market will temporarily be stable; but the actual market demand doesn’t increase significantly, so it’s not probable for ferromolybdenum market to rebound

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