Raw materials and scrap

China's iron ore spot prices close to $200 per tonne .

Beijing is considering raising China's ferro-molybdenum export tax by 5% at the end of this year.
Overseas speculation has tagged November 1st as the likely date for imposition of the tax. Most Chinese traders said they were aware of a planned date, but agreed it was likely.
The impact on the market of a new export tax rise will have a limited impact on volumens,but may effect the price.
Enquiries from overseas on Chinese ferromolybdenum have picked up over the week,but the transaction prices have softened slightly to$72-73 per kg fob due to a lack

Molybdenum prices rose at the end of last week due to tight supply and increasing buying form the stainless steel sector

Ferro-Titanium prices climbed on Wednesday.
Ferro-Titanium basis 70% rose to $ 8.75-9.20 per kgs
Ferro-V moved up on Wednesday. The Fe-V traded at 37.50-38.50per kgs from $37-38.20.

Ferro-Titanium climbed to ten-weeks high on Wednesday on continuing tightness in the scrap market.
Metal Bulletin has stated that you can get $9 flat for material net cash in-warehouse and prices are as high as$9.25 for low vanadium material.
Titanium turning prices stayed level on Wednesday.

What is happening around the world of the scrap and the raw materials?

Western FeMo anf FeTi pushes strong in their increase in price due to shortness of scrap.
The indian Ferro-Alloy Producers association has urged the governament to ban the export of chrome ore,which it said is rising in price and in increasingly short supply.
Turks pay$7 less for scrap imports as supply builds.
Italians authorities seize shradders in waste law crack down. This action will bring the italian scrap to rise.