European molybdenum market continues to climb amid oxide tightness

The European molybdenum market has moved up again this week, with molybdic oxide supply tightness continuing to push the market toward a new 13-month high.

Fastmarkets assessed the price of European drummed molybdic oxide, in-warehouse Rotterdam, at $12.60-12.80 per lb on Wednesday March 13, up from $12.60-12.65 per lb previously. The oxide market is now trading at its highest level since February 2018, according to Fastmarkets historical data. The ferro-molybdenum market continues to follow the oxide market higher, with the ferro-molybdenum, basis 65% min, in-warehouse...

Published

Ewa Manthey

March 14, 2019

15:15 GMT

London