European ferro-molybdenum up again; oxide tightness supports move

The European ferro-molybdenum market moved up again in the first half of the week on the strength in the oxide market amid tight availability, which continues to support the alloy market.

Fastmarkets assessed the price of European ferro-molybdenum, basis 65% min, in-warehouse Rotterdam at $28.90-29.20 per kg on Wednesday May 8, up from the previous week's assessment of $28.60-28.80 per kg, which means the price is now trading at a one-month high. The oxide market remains supported at its current level amid continued material tightness. Fastmarkets assessed the...

Published

Ewa Manthey

May 09, 2019

11:42 GMT

London