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Chinese FeMo offered on European market

August 10, 2009 - 00:00 GMT

Comeback - 60% metal in Europe for the first time this year

Chinese ferro-molybdenum is being offered in Europe for the first time this year after Western grade material prices settled above $40 for the first time since late October 2008. While ferro-molybdenum basis 65-70% and molybdic oxide have been soaring in recent months, there has been practically no business transacted in Europe of China-origin ferro-molybdenum basis 60% so far in 2009. Western ferro-molybdenum prices have risen 83% and moly oxide is up by 100% in the last three months. Ferro-molybdenum basis 65-70% rose to $41-43 per kg on...

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

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