Following a mixed November and a drop in early December, this week has seen a slight uptick in prices, primarily in China. Despite December traditionally being a very quiet and uneventful month as markets wind down for the festive season, China has in recent days recorded a lift in concentrate and FeMo prices. From a November price of around RMBl,825/t, concentrates are now reportedly fetching RMBl,900-l,950/t on the back of some improvement in the FeMo price. Chinese FeMo is quoted at RMB129,000-130,000/t, though we understand actual transaction prices are at least RMBl,000/t lower. Chinese oxide, meanwhile, remains largely unchanged at RMB2,000-2,050/t despite the rise in concentrates and FeMo.
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