European spot prices for molybdic oxide have eased due to low key trading activity so far this week, while the ferro-molybdenum spot market has been steady, stabilizing the losses made earlier in March.
Both markets have been relatively quiet this week, with market participants reluctant to commit to purchases before the Easter holiday in Europe this weekend, lasting from Friday through Monday. Metal Bulletin assessed the molybdic oxide price at $12.60-12.70 per lb in-warehouse Rotterdam on Wednesday March 28, off ten cents at the top end. The market hit an annual peak this year of $13.00-13.20 per lb at the start of March, a notable increase from $9.80-9.90 per lb at the end of last year.For ferro-molybdenum, European prices have been unchanged at $30.30-30.60 per kg in-warehouse...