Research

Forecasts and market analysis based on price assessments from Fastmarkets MB and Fastmarkets AMM

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November 2009 | Steel Raw Materials


Ferro-molybdenum bottoms out in Europe: Ferro-alloy Highlights


Traders have been accepting lower offers than producers as they typically face more pressure to liquidate positions in a climate of tight credit.

Over the last week in October it has finally looked as though ferro-molydenum has reached a bottom. Much to the surprise of those market participants we spoke to, who were expecting prices to bottom at $27/kg, prices fell below $25/kg, we were told of a couple of transactions being made at $24.85-24.95/kg. This is the lowest...

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