|
Product |
Price |
Price change |
Sales term |
|
45% molybdenum ore (Liaoning) |
RMB 1,570/mt ($248/mt) |
- RMB 10/mt (-$3/mt) |
Ex-works |
|
FeMo60 ferromolybdenum (Liaoning) |
RMB 108,000/mt ($17,035/mt) |
- (-$108/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. Since the Chinese steel markets were on holiday for the Chinese New Year (February 15-21), the price changes are as compared to the price levels recorded on February 9.
$1 = RMB 6.34
Source: SteelHome