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European FeMo price slide loses momentum

July 04, 2014 - 15:19 GMT Location: London

The downward trend in European ferro-molybdenum prices lost some momentum on Friday July 4, and some market participants have suggested the price could soon stabilise.

Metal Bulletin’s quotation fell to $31.50-32 per kg on an in-warehouse Rotterdam basis, from $31.90-32.60 per kg on Wednesday, after falling as much as $1.50 in one go in recent days. "I think we’re seeing a bit more stability. It looks like it’s bottoming out. There has been a little bit of a standoff at about the $32 level," a producer said. "Demand...

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