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*China's Exports Of Ferro-Alloys In August 2004 Increased By 13% Compared To Previous Month
= Export Of Fe-Si Increased But That Of Si-Mn Decreased
  According to the customs-statistics released in China, the exports of ferro-alloys from China in August of 2004 were as per the table attached hereto. Namely, China exported 233,977 tons of ferro-alloys in August of 2004, having increased by 13% compared with that ( 206,965 tons ) in the previous month - July. Therefore, the total quantity of ferro-alloys exported from China in January - August of 2004 was 1,269,241 tons, which increased by 7.4% compared to that ( 1,181,680 tons ) in the same period of 2003.

  Also, the amount of ferro-alloys exported from China in January - August of 2004 had US$1,373.6 million as a considerable increase of 98.65% in comparison with that ( US$691.5 million ) in the same period of 2003. Among main ferro-alloys exported from China in January - August of 2004, the amount of ferro-silicon with Si 55% min. was US$401.3 million, having increased by 64.54% compared with that in the same period of 2003, and that of silico-manganese was US$302.3 million, which increased by 125.8% ( 2.258 times ) compared to that in the same period of 2003. The prices of these two ferro-alloys have risen steeply in the international market from autumn of last year and a sharp rise of these prices has resulted in a substantial increase of the amount exported from China in the first 8 months of 2004.

  In the same case as that of bulk ferro-alloys, the amount of molybdenum products exported from China in January - August of 2004 was US$398.5 million, having increased by 196.8% compared with that in the same period of 2003. Among the exports of Chinese ferro-alloys in the period, that of molybdenum products shared the largest one ( 29% of the whole export ). The price of molybdenum oxide in the international market was US$6 per lb. in August of last year but has risen by 3 times to US$18 per lb. in August of this year and this steep rise of price for molybdenum oxide is the largest extent among those of Chinese ferro-alloys. For a reference, China exported 25,945 tons of molybdenum products in January - August of 2004 as an increase of 21.9% compared to that ( 21,285 tons ) in the same period of 2003.

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