The move higher in European oxide has pulled up offer prices in the domestic ferro-molybdenum market, although there were fewer reported sales in alloys while market participants wait to see how far the oxide rally will last.
Metal Bulletin assessed European molybdic oxide prices
at $10.75-10.90 per lb in-warehouse Rotterdam on Wednesday July 11, from $10.65-10.80 per lb on Friday.
The ferro-molybdenum price range in Europe
was assessed at $26.80-27.10 per kg in-warehouse Rotterdam on Wednesday, from $26.60-26.80 per kg the previous assessment.
Traders are apparently unwilling to offer alloy under $27...