China Ferromoly Price Stays Flat for Four Months

Platts reported that prices for China ferromoly products haven’t changed in price since the beginning of the year.

As quoted in the market news:

Some Chinese steel mills have been able to purchase ferromoly for as low as Yuan 118,500-119,000/mt from domestic smelters, most likely smelters with their own moly mines that are not at the mercy of prevailing domestic moly concentrate prices of Yuan 1,820-1,830/mtu or metric tonne unit, a Beijing-based moly analyst said.

Click here to read the full Platts report.