Molybdenum prices climb to 5-month highs on logistical constraints, active Chinese market

Transport restrictions in China affecting raw material supply amid the coronavirus outbreak have led to a more active molybdenum spot market in China and as a result have lifted prices in South Korea and Europe.

Low inventories in China have forced buyers there to import more material and subsequently drive the alloy and oxide prices to their highest levels since October 2019, according to Fastmarkets’ historical data.

Fastmarkets assessed the price of drummed molybdic oxide, in-warehouse Busan at $10.8-11 per lb on Friday February 7, up from the midweek assessment of $10.50-10.70 per lb and up from...

Published

Ewa Manthey

February 11, 2020

13:43 GMT

London