The molybdenum markets in Europe moved up in the middle of the week that began on Monday September 3, with values being pushed up by increased prices for ferro-molybdenum and signs of stronger deals in Asia, sources told Metal Bulletin this week.
But suppliers remained wary about committing to business before consumer businesses were fully staffed again after the summer holiday period, which will probably be later in September, they added.Metal Bulletin assessed the price of European drummed molybdic oxide, in-warehouse Rotterdam, at $12.00-12.20 per lb on September 5, up by $0.20 per lb from the previous Friday.There were no reported trades in oxide, with many market participants being in Asia to attend an...