Molybenum Oxide Price Nudges Higher as Buying Perks up

  • Monday, February 29, 2016
  • Source:ferro-alloys.com

  • Keywords:Molybenum Oxide
[Fellow][Ferro-Alloys.com]Molybdenum oxide prices nudged higher Wednesday after a stable start to the week as buying interest picked up, sources said.
[Ferro-Alloys.com]Molybdenum oxide prices nudged higher Wednesday after a stable start to the week as buying interest picked up, sources said.
 
"There were several container loads of powder concluded in Europe and Busan in range of $5.32-$5.37/lb yesterday and today," said one European trader, with producer-trader sales confirmed at the high end of that range.
 
"We're offering $5.40[/lb] in Europe but it doesn't look like there is much appetite at this level yet," said a second trader, but added that business had been concluded at $5.40/lb in India.
 
The Platts daily dealer oxide assessment rose to $5.30-$5.40/lb from $5.25-$5.35/lb the previous day, while the daily European ferromolybdenum assessment rose 5 cents to $13.45-$13.75/kg.
Trade purchases were booked in the range of $13.50-$13.75/kg, with low-silicon fines reported sold at a price closer to $14/kg.
 
A supplier also reported small 3-5 mt lots of standard ferromoly sold at around $13.85/kg.
[Ferro-Alloys.com]
 
 
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