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Print[Ferro-Alloys.com]Increased spot activity in Europe pushed moly prices down as sellers rushed into sell after a few quiet days. European mills were able to purchase Western FeMo at $26.85 per kg and at $26.70. One mill claimed to have bought below $26.70. Oxide prices in Europe also were under pressure. Suppliers said consumers were rejecting offers at $10.95. Oxide prices slipped by 10￠ per lb to $10.80-10.90 per lb. The US market was quiet but steady. Less than truckload quantities of oxide were still commanding prices over $11 per lb.
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