Molybdenum Oxide Prices - November 29, 2019
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- Category: Molybdenum's News
- Published on 29 November 2019
- Written by Shuxia
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A sharper decline in prices for molybdenum oxide — the raw material used to produce molybdenum alloy — has improved margins for European alloy converters, who have faced negative margins for most of this year.
European molybdenum oxide powder prices have fallen by 28.9pc since the start of the fourth quarter, pulling them down to near $8/lb, from around the $12/lb in early October, analysis of Argus data shows.
Prices for 65-70pc grade ferro-molybdenum alloy have declined by 21pc over the same period, to $20.50-21/kg in mid-November.
Abundant supply of ferro-molybdenum in Europe and higher feedstock costs have weighed on the market this year, with falling demand further dragging on prices.
Prices of molybdenum products on November 29, 2019
Picture of ferro molybdenum
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