Returning molybdenum buyers find tight nearby availability

Molybdic oxide and ferro-molybdenum prices gained ground in the week to Friday January 8 on a mixture of renewed trader buying interest and limited inventories.

Fastmarkets’ price assessment for ferro-molybdenum 65% Mo min, in-whs Rotterdam settled at $24.80-25.10 per kg on Friday, up from $24.50-25.10 per kg midweek. The price is up 7.5% since the end of 2020 when it stood at $22.90-23.50 per kg.

The prices for molybdenum drummed molybdic oxide 57% Mo min, in-whs Rotterdam and molybdenum MB drummed molybdic oxide Mo,...

Published

Charlotte Radford

January 11, 2021

13:28 GMT

London