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FeMo regains losses as buyers return

March 22, 2010 - 10:32 GMT Location: London

KEYWORDS: ferro-molybdenum , molybdic oxide , jethro wookey

Ferro-molybdenum bounced on Friday to recover some of the losses suffered over the past two weeks, as buyers returned to the market to take material at the lower prices

Western-grade ferro-molybdenum rose to $41-42.50 per kg from $40.50-42 per kg previously, with deals reported to MB across the new range. “We’ve seen more activity and more enquiries this week,” a producer said on Friday, reporting several truckload enquiries from European consumers. “Prices for ferro-molybdenum have consolidated and even gone back up a touch,” he added. The producer sold a truckload of material at...

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

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