European molybdenum market moves up on oxide tightness

The European molybdenum market moved up in the first half of the week starting Monday April 29, supported by molybdenum oxide supply tightness, sources said.

Spot market activity picked up at the beginning of the week, with both the alloy and oxide market prices increasing week on week on Wednesday May 1.

The continued material tightness supported the oxide market, with Fastmarkets assessment for the drummed molybdic oxide, in-warehouse Rotterdam, price was at a one-month high of $12.15-12.30 per lb on Wednesday May 1, up from the previous...

Published

Ewa Manthey

May 02, 2019

17:05 GMT

London