Chinese FeMo market sees higher prices again

Ferro-molybdenum offers out of China have continued to firm, spurred on by the impact of the raw material supply crunch and reduced availability of material in the physical market.

“Some are even booked till early October now,” said one Hong Kong trader. “With the summer lull winding down, we expect to see demand returning to full swing again,” she added.

In terms of volumes, most Chinese players said that business for the next month ahead looks promising. Sentiment, however, was divided as...


August 28, 2003

10:42 GMT