Prices have been trending up in the European market for Mo products this week. Those for Mo oxide (57% Mo) have added $1/lb Mo w-o-w. One of Belgian traders has allegedly marketed 20 t of the material at $13.15/lb Mo FCA Rotterdam. Offers of FeMo (60-70% Mo) have risen by $1.5/lb to $31-32/kg Mo FCA Rotterdam. A trader from Western Europe has sold 10 t of the material at the top end of the range. Still, most deals are closed at $31-31.5/kg Mo FCA Rotterdam. The reason behind the price upturn in the segment is that producers do not offer much material with fast delivery. Prices will be stable during the holidays, then some moderate upturn is possible.

• [Editor:Mango]