The price of ferromolybdenum continue to rise in China
China's domestic ferromolybdenum in now keeping in short supply situation, the delivery date is difficult to guarantee, and the transaction price keeps rising. The bidding price of ferromolybdenum for steel mills is gradually following up. Steel mills generally reflect that it is difficult to purchase nowadays, and the bulk cargo price is also constantly following up. Some traders are not dare to purchase rashly because of the long delivery period.
Although the international market continues to decline, China's ferromolybdenum factories have plenty of orders and are busy to delivery orders in the short term. Therefore, Hainan West Asia import and export group co.ltd predicts that the high and strong price of ferromolybdenum will be maintained.