European molybdenum prices rose this week with oxide prices hitting an 8-month high on tightening availability, while higher offer prices for oxide material were behind the rise in the alloy market, market sources said.
Still, there is disparity between the fundamentals for oxide and those in ferro-molybdenum, market sources added, with the sustainability of the ferro-molybdenum price rise in question."With oxide prices on the march again, ferro-molybdenum is trying to catch up," a producer said. "I'm sitting back a little, taking my time to see the real price trend."Fastmarkets assessed the price of European drummed...