Molybdic oxide, ferro-molybdenum prices ease amid low key activity

Spot prices have eased so far this week in European molybdic oxide and ferro-molybdenum trading due to the absence of key world trader China which has had a dampening effect on international markets, sources told Metal Bulletin.

Metal Bulletin assessed molybdic oxide prices at $12.00-12.25 per lb in-warehouse Rotterdam on Wednesday February 14, from $12.20-12.50 per lb on Friday. The market was assessed at $9.80-9.90 per lb at the end of last year. For ferro-molybdenum, European prices moved down to $29.90-30.20 per kg in-warehouse Rotterdam on Wednesday, from $30.00-30.80 per kg previously. Still, the market is well up on its price range seen late last year when the market was at $24.50-25.10 per kg at the end of December.  "All molybdenum markets are quieter in Europe due to the Chinese New Year holidays which have already seen most Chinese traders depart," a trader said....


Declan Conway

February 14, 2018

17:30 GMT