China March ferromolybdenum output and April forecast

China's ferromolybdenum output in March was approximately 15,700 mt, up 5.5% MoM.

In March, domestic ferromolybdenum smelters resumed normal production; and since the ferromolybdenum bidding volume hit a new high of 12,000 mt in February and exceeded 10,000 mt in March, the plants were fully scheduled and the yield rate increased steadily.

In April, downstream molybdenum-containing steel still maintained a high scheduled production, and there is no significant decrease in the demand for ferromolybdenum. It is expected that the output will still have room for growth.