China Commodity Marketplace
This week saw few quotations and transactions, with prices dropping slightly on-week in the domestic molybdenum concentrate market. Quotations for standard grade molybdenum concentrates stand at RMB 1,770~1,780/MTU and high-grade is at RMB 1,790~1,840/MTU.
Domestic FeMo prices continued to fall following rapidly falling procurement prices of steel mills. Mainstream FeMo prices currently stand at RMB116,000~118,000/t and are expected to remain weak in the short term.