European molybdenum and ferro-vanadium prices weakened during the first half of the week, as suppliers lowered offers to secure limited spot enquiries.

Date: Oct 25, 2017

Ferro-molybdenum, moly oxide continue downward trend European ferro-molybdenum and molybdic oxide prices came under pressure once again amid a lack of significant spot activity during the first half of the week. “We basically see very inactive markets for both oxide and FeMo so far this week,” a supplier source told Metal Bulletin. Molybdic oxide prices retreated to $8.40-8.45 per lb, in warehouse Rotterdam, on Wednesday October 25, down 1.46% from $8.50-8.60 per lb on October 20, according to Metal Bulletin’s latest assessment. “For two days now people have been talking 8.40. If someone comes in to buy a container, even producers are offering at 8.40,” a trader told Metal Bulletin. Taking cue from early week deals in Asia at lower prices, traders and suppliers lowered offers in Europe in an effort to move material amid lacklustre spot market demand. “We haven’t been that short on enquiries so far this week, but it is…

 

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