May 2012 | Ferro-alloys
Ferro-molybdenum prices slide through May: Molybdenum Highlights
European and US ferro-molybdenum prices declining on weak demand and sufficient supply.
Prices of 65-70% Mo content European ferro-molybdenum slipped to $33.43/kg in May, its lowest price since January. US spot market ferro-molybdenum posted similar declines, falling to $34.83/kg. This is the first fall below the $35.00/kg level for US spot material since December 2011. US prices have fallen consistently through May after reaching a high of $35.99/Kg Mo in mid-April. All of the small gains in the market since the beginning of 2012 have now receded. European ferro-molybdenum prices continue to fall at a faster pace than US prices, reflecting relatively stronger US stainless steel market conditions. As a result, the premium for US ferro-molybdenum over European material expanded to 4.9% in May versus 3.4% in April. A situation with weak demand and plentiful supply is knocking pricesThere appears to be...
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