FeMo demand picks up on weakened prices

摘要

In November, Chinese buyers capitalised on weakened ferromolybdenum prices to restock.Tender volumes from major steel mills reached 11,568 t in November, a 44 m/m and 33 y/yincrease. Seasonal increases in Chinese stainless procurement in November was seen in 2021and 2022 previously, with tenders increasing 100 m/m and 14 m/m respectively.