Ferro-molybdenum, molybdic oxide rally cools amid profit taking

Prices for molybdic oxide and ferro-molybdenum came under pressure from profit taking in the second half of the week ended Friday January 15, and gave up some of their recent gains following swift gains earlier in January.

Fastmarkets’ assessment for ferro-molybdenum 65% Mo min, in-whs Rotterdam fell slightly to $24.60-25.10 per kg on January 15, from $24.70-25.20 per kg two days earlier.
Fastmarkets assessed molybdenum MB drummed molybdic oxide Mo, in-whs Busan at $10.10-10.20 per lb, down from $10.20-10.30 per lb on Wednesday January 13.

Fastmarkets’ assessment for molybdenum drummed molybdic oxide 57% Mo min, in-whs Rotterdam was $10.10-10.25 per lb on January...


Charlotte Radford

January 15, 2021

22:04 GMT