The rally this year has propelled oxide prices to a three-and-a-half-year high, with ferro-molybdenum prices increasing to the same historical comparison.
Molybdenum drummed molybdic oxide prices were last assessed at $12-12.20 per lb, from $11.40-11.65 per lb, in-warehouse Rotterdam on Wednesday January 24. The market was assessed at $9.80-9.90 per lb at the end of last year.
The European molybdic oxide market is now at a level last seen in August 2014, a year when the market peaked at $14.80-15.30 per lb in May. This week only 20 tonnes were reported traded, down from 180 tonnes of oxide the week before. Another deal was heard at $12.50 per lb for 15 tonnes of oxide, but was not confirmed. The one deal reported this week was reported at a sales...
