[Ferro-Alloys.com]After the summer vacations ended, overseas moly oxide price slipped to USD12.5-12.6/lbMo. Many low-priced moly oxide materials hit European market, leading moly price to drop further. Some buyers expected that the demand for moly oxide to ris...
Chinese silicon metal price continued rising up in September with tight supply. The orders were fully arranged to October. Producers raised the offers for having no spot materials.
The spot prices of India-origin high carbon Ferro Chrome (58-60% Cr) is at 82-84 cents/lb CIF China and South Africa-origin charge chrome (48-52% Cr) at 81-82 cents/lb CIF China , both flat W-o-W as buyers and sellers continued their impasse.
At middle of Sept., Japanese spot price for Indian origin high-carbon Ferro Chrome is at 89-91 cents/lb CIF Japan, up from 87-89 cents/lb last week and rising for second consecutive week due to a decline in spot supply.
The phase-out target assigned to Baotou city by Inner Mongolia Government was the elimination of 152.3 thousand tons of ferroalloys, 4 million tons of cement, 34.6 thousand tons of rare earth and 50 thousand tons of carbon in the year 2014.