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FeMo edges lower in post-Easter quiet

April 15, 2009 - 15:36 GMT Location: London

KEYWORDS: ferro-molybdenum , femo , molybdic oxide , jethro wookey

Ferro-molybdenum basis 65-70% fell to $19-21 per kg from $19.50-21.50 per kg as the Easter break compounded an already quiet market.

Ferro-molybdenum basis 65-70% fell to $19-21 per kg from $19.50-21.50 previously in slim volumes. “The market is more terrible than last week as a lot of people are still on vacation because it makes no sense to come back,” a trader said. “Many are using up holiday time left over from 2008, when they were busy.” One producer, who sold three tonnes...

All material subject to strictly enforced copyright laws. © Euromoney Institutional Investor PLC.

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