Chinese ferro-moly steadies

Ferro-molybdenum prices are holding up in China despite slow business during the Chinese New Year lull.

One Hong Kong merchant told "Very thin volumes were traded over the past few days and most of the ferro-moly producers and miners now prefer to talk about business only after the end of the Lunar New Year celebrations," "Anything below $9.50 per kg fob seems to be unacceptable now,"...


January 29, 2003

09:00 GMT