Product | Price | Weekly price change | Sales term |
45% molybdenum ore (Liaoning) | RMB 1,160-1,180/mt ($186-189/mt) | -RMB 10/mt ($2/mt) | Ex-works |
FeMo60 ferromolybdenum (Liaoning) | RMB 83,000/mt ($13,280/mt) | +RMB 2,000/mt ($320/mt) | Ex-works |
The local Chinese market price includes 17 percent VAT.
$1 = RMB 6.25
Source: SteelHome