|
Product |
Price |
Price change |
Sales term |
|
45% molybdenum ore (Liaoning) |
RMB 1,930/mt ($273/mt) |
-RMB 50/mt (- $7/mt) |
Ex-works |
|
FeMo60 ferromolybdenum (Liaoning) |
RMB 128,000/mt ($18,105/mt) |
- RMB 4,000/mt (-$565/mt) |
Ex-works |
The local Chinese market price includes 13 percent VAT.
Exchange rate fluctuations are taken into consideration when calculating the weekly price changes. Meanwhile, due to the closed Chinese market during National Day holiday between October 1-7, the changes on the table above are as compared to the prices recorded on Week 39.
$1 = RMB 7.07
Source: SteelHome