Copying and distributing are prohibited without permission of the publisher
Full steam ahead for FeMo; no end to European rally in sight
April 14, 2014 - 08:05 GMT
Ferro-molybdenum prices broke through $30 in Europe on Friday April 11 for the first time since September 2012, with indications that the rally still has some room left to run.
"It's crazy. Prices are continuing to rise. Yesterday, I
asked for an offer, but I just got indications, not firm
offers," a producer said. "Most probably, people are taking
options on their long-term contracts. It's not great demand,
but it's good demand, and that's reflected in this tightness."
Ferro-molybdenum prices shot up again, to $30.20-30.50 per kg
on Friday, compared with $28.40-28.90 per kg on Wednesday.
Market participants have said there is almost...
All material subject to strictly enforced copyright laws. ©
Euromoney Institutional Investor PLC.
Please log in using your online subscriber details.
Your username will be your registered email address with Metal Bulletin.
If you aren't a subscriber yet, feel free to take a seven day free trial, or subscribe using the instructions below.
A standard subscription include one year's worth of news and prices. You can also upgrade to the full archive and benefit from more than 15 years of intelligence. Start your subscription today.
Taking a free trial will give you open access to Metal Bulletin online news, prices, archived content and email alert service for the next seven days. Start your free trial today.