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....
