Copying and distributing are prohibited without permission of the publisher

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...

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

subscribe to this feed Comment & analysis

Upcoming Events

MB Glossary

From Aluminium to Zinc...
Search this free glossary on metals

Try the new Metal Bulletin BETA site...

We've added some great new features and tools which we think you'll find useful including:

  • Easier to find the content suitable for you
  • Improved Price Book functionality
  • Better search function

Simply click 'Yes please' below to go straight to the BETA site (you can return to the original site any time you wish).