Molybdic oxide rally takes a breather; FeMo sellers shun cheap bids

Spot activity in the molybdic oxide market slowed this week, leaving the recent rally to stall, though ferro-molybdenum prices continued to rise as sellers sought to protect already squeezed margins.

Fastmarkets’ price assessment for ferro-molybdenum 65% Mo min, in-whs Rotterdam rose by 1.2% during the first half of the week, to $28.80-29.50 per kg from $28.50-29.10 per kg previously.
Fastmarkets’ price assessment for molybdenum MB drummed molybdic oxide Mo, in-whs Busan was unchanged at $12.40-12.60 per lb on February 23, while prices for molybdenum drummed molybdic oxide 57% Mo min, in-whs Rotterdam fell 5 cents, now also at $12.40-12.60 per lb.

“The market has taken a break after the past two weeks. It’s completely to be expected when you see such a tremendous rise in prices,” a producer source...

Published

Charlotte Radford

February 24, 2021

19:24 GMT

London