European Ferromolybdenum and Molybdenum Oxide Prices Remain Weak
- Details
- Category: Molybdenum's News
- Published on 26 June 2014
- Written by Elva
- Hits: 548
Movement in the European ferromolybdenum 65%min spot market has been nonexistent so far this week with prices on the edge between USD34.40-35.00kg Mo in warehouse Rotterdam on Tuesday.
Sources who spoke with Chinatungsten blamed a slump in spot market buying activity over the past two weeks for the declining price trend, and many felt that figures could fall further over remainder of the month. Molybdenum oxide 57%min figures held flat between USD14.30-14.50lb in warehouse Rotterdam on Tuesday.
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