FeMo Prices Tumble Still Further; No Respite on Horizon

  • Thursday, July 18, 2013
  • Source:

  • Keywords:European ferro-molybdenum market participants Rot
[Fellow]
[Ferro-Alloys.com] European ferro-molybdenum prices dropped below $24 per kg on Wednesday July 17, as market participants suggested levels have been falling on a daily and even hourly basis.
 
Metal Bulletin’s quotation plummeted to $23.50-23.60 per kg on an in-warehouse Rotterdam basis, and no signs have yet emerged of a slowdown in the price falls. “It’s becoming the kind of market where having even two quotations a week is not enough,” a producer said.
 
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