Some ferromolybdenum producers still out of production

Though the ferromolybdenum price didn't go down further and the molybdenum market seems to be bottom out, many Chinese ferromolybdenum producers are still hesitant to resume production, preferring to watch for the market to become clear and stable.Asian Metal Copyright The source confirmed the stable price of ferromolybdenum 60% at RMB130,000t USD31.Asian Metal Copyright

 

With a production capacity of 6,000tpy, a Liaoning-based producer told Asian Metal that they have been out of production of ferromolybdenum for about two months and still have no intension to resume at the present.Asian Metal Copyright "The ferromolybdenum price may go up along with the raw material increasing, but it is still likely that the selling price of ferromolybdenum is lower than the real cost.Asian Metal Copyright

 

Holding more than 2 containers of molyoxide from a long contract in China ports, the source lamented that the cost of the materials is as high as USD17.Asian Metal Copyright" .Asian Metal Copyright00/lb.Asian Metal Copyright Another Shandong-based producer, with a production capacity of 200tpm, stopped the production of ferromolybdenumlast month and still has no plan to resume in the near term.Asian Metal Copyright "The domestic market remains rough," said the source.Asian Metal Copyright" .Asian Metal Copyright

 

Another Shandong-based producer, with a production capacity of 200tpm, stopped the production of ferromolybdenum last month and still has no plan to resume in the near term.Asian Metal CopyrightBEIJING Asian Metal 21 Jun 10 – Though the ferromolybdenum price didn't go down further and the molybdenum market seems to be bottom out, many Chinese ferromolybdenum producers are still hesitant to resume production, preferring to watch for the market to become clear and stable.Asian Metal Copyright The source confirmed the stable price of ferromolybdenum 60% at RMB130,000/t (USD31.Asian Metal CopyrightBEIJING Asian Metal 21 Jun 10 – Though the ferromolybdenum price didn't go down further and the molybdenum market seems to be bottom out, many Chinese ferromolybdenum producers are still hesitant to resume production, preferring to watch for the market to become clear and stable.Asian Metal Copyright72/kg Mo) but added that there was still no profit margin left for them.Asian Metal Copyright The source confirmed the stable price of ferromolybdenum 60% at RMB130,000t USD31.Asian Metal Copyright

 

"Many Chinese ferromolybdenum producers are still out of production," said the source.Asian Metal Copyright Another Shandong-based producer, with a production capacity of 200tpm, stopped the production of ferromolybdenumlast month and still has no plan to resume in the near term.Asian Metal Copyright "The ferromolybdenum price may go up along with the raw material increasing, but it is still likely that the selling price of ferromolybdenum is lower than the real cost.Asian Metal Copyright "The ferromolybdenum price may go up along with the raw material increasing, but it is still likely that the selling price of ferromolybdenum is lower than the real cost.Asian Metal Copyright"