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China exported 390 tons Ferromolybdenum in March 2018, down 17.72%

[Ferro-Alloys.com]On March 29th, the daily European molybdenum oxide assessment fell to $12.55-12.7/lb from$12.6-12.8/lb, the Platts daily dealer ferromolybdenum assessment moved to $30.3-30.5/ kg from $30.3-30.6/ kg.

[Ferro-Alloys.com]On March 28th, the daily moly oxide assessment moved up to $12.6-$12.8/lb from $12.6-$12.7/lb while the daily European ferromolybdenum assessment was at $30.3-30.6/kg.

[Ferro-Alloys.com] At present, the main reason for poor sales is further declining of insiders’ expectations and uncertainty for demand of steel mills, resulting wait-and-see mentality.

[Ferro-Alloys.com] On March27th, the Platts daily dealer ferromolybdenum assessment moved to $30.3-30.6/ kg from $30.4-30.6/ kg. The daily European molybdenum oxide assessment fell to $12.6-12.7/lb from$12.6-12.75/lb.

[Ferro-Alloys.com]International molybdenum material rebound, prices has recovered slightly, but the market remains alert. Domestic ferromolybdenum price dropped last week, affected by poor performance of steel mills.

[Ferro-Alloys.com]China's “ Belt and Road” policy could generate $1.3 trillion in demand for iron ore, according to BHP billiton, the world's largest steel producer.

[Ferro-Alloys.com] On March19th, the Platts daily dealer ferromolybdenum assessment moved to $30.4-30.6/ kg from $30.6-30.8/ kg. The daily European molybdenum oxide assessment was at $12.6-12.75/lb.