The European ferro-molybdenum price climbed by 2.9% in the midweek assessment on tightening prompt inventories and increased end-user demand, while oxide prices lagged behind.
Fastmarkets' price assessment for ferro-molybdenum, basis 65%, in-whs Rotterdam climbed to $21.80-22.40 per kg on Wednesday October 28, up from the previous week's assessment of $21.25-21.70 per kg.For the first time in a while the alloy price is trading at a premium to oxide prices, market sources noted, due to a...