Product | Price | Weekly price change | Sales term |
45% molybdenum ore (Liaoning) | RMB 1,100/mt ($160/mt) | +RMB 50/mt (+7$/mt) | Ex-works |
FeMo60 ferromolybdenum (Liaoning) | RMB 76,500/mt ($11,103/mt) | +RMB 2,500/mt (+$331/mt) | Ex-works |
The local Chinese market price includes 17 percent VAT.
Exchange rate fluctuations are taken into consideration when calculating the weekly price changes.
$1 = RMB 6.89
Source: SteelHome