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Chinese FeMo offered in Europe for first time this year
London 05 August 2009 14:59


Chinese ferro-molybdenum is being offered on the European market for the first time this year after Western grade material prices have settled above $40 for the first time since late October 2008.

While ferro-molybdenum basis 65-70% and molybdic oxide have been soaring in recent months, there has been practically no business transacted in Europe of China-origin ferro-molybdenum basis 60% so far in 2009.

Western ferro-molybdenum prices have risen 83% and moly oxide by 100% in the last three months.

Ferro-molybdenum basis 65-70% rose...