Fastmarkets’ price assessment for ferro-molybdenum, basis 65%, in-whs Rotterdam
moved up to $20.80-21.00 per kg on Wednesday October 7 from the previous week’s assessment of $20.30-20.45 per kg as the alloy’s prompt supply in Europe continued to tighten, market sources said.
“There is not much ferro-molybdenum in Europe,” a trader in Europe said. “No one has long positions at the moment.”
The oxide market followed the...