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FeMo Prices Bounce Back in Europe

Monday, May 26, 2014
Source:ferro-alloys.com

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Keywords:FeMo ferromoly moly concentrates moly oxide

[Fellow]European ferro-molybdenum prices bounced up again on Friday May 23, as market participants reported an end to profit taking.

European ferro-molybdenum prices bounced up again on Friday May 23, as market participants reported an end to profit taking.

The rise was not connected to fundamentals, however, as they reported no further increases in demand or availability. FeMo quotation moved up to $34.10-34-60 per kg on an in-warehouse Rotterdam basis, after falling to $33.10-34 per kg on Wednesday, with suggestions that prices could rise still further in the coming days.

[Editor:Mango]

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