Moly oxide climbs above $11/lb as FeMo firms

London 27 November 2009 15:49

Molybdic oxide rose on the low end on Friday as moly converters are no longer finding prices below $11 per lb. “I’ve not seen any oxide below $11 for prompt delivery,” said a moly converter who reported truckload business at $10.50 last week. Drummed molybdic oxide narrowed to $11-11.60 per lb from $10.60-11.60 per lb, though few deals were reported to MB. The oxide market is expected to be muted for the remainder of...


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