FeMo Prices Regain Momentum in Europe

  • Friday, May 9, 2014
  • Source:ferro-alloys.com

  • Keywords:FeMo ferromoly moly concentrates moly oxide
[Fellow]Ferro-molybdenum prices broke through recent highs in Europe as market participants began to report a resurgence in the rally.

Ferro-molybdenum prices broke through recent highs in Europe as market participants began to report a resurgence in the rally.

FeMo quotation rose to $32.40-32.80 per kg, up from $32-32.10 previously, and surpassing the most recent high of $32.40 on the top end. "After a bit of a breather, they're moving up again… the fundamentals haven't changed," a producer said on Wednesday May 7. "I still think it's supply driven. There's not much supply out there.

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