Higher production costs led the price of 60% ferromolybdenum (FeMo) in Northeast China, a key production region for the alloy, to continue climbing last week. The price hit a near seven-month high of Yuan 10,300/tonne ($1,577.3/t) on December 22 and stayed at the threshold of Yuan 10,000/t until December 25, both including the 13% VAT. Buying became active last week after two quiet weeks, according to Mysteel’s latest weekly report.
Source : https://www.mysteel.net/article