European molybdenum market moves down on weak buying interest

The European molybdenum market was under pressure this week amid muted buying and resistance from consumers, with both the alloy and oxide markets declining week on week on Wednesday April 24.

Spot activity was still quiet following the Easter break holiday in Europe but aggressive offers for a large tonnage inquiry have pushed the market down. Fastmarkets assessed the price of European ferro-molybdenum, basis 65% min, in-warehouse Rotterdam at $28.10-28.40 per kg on April 24, down 1.6% from $28.60-28.80 per kg the previous week. This is the...

Published

Ewa Manthey

April 25, 2019

14:30 GMT

London