January 2018 | Steel Raw Materials
Moly prices hit multi-year highs: Ferro-alloys Market Analysis
Tightness in the molybdenum market pushes prices to four-year highs
Tightness in the molybdenum market pushes prices to four-year highs. When reduced supply meets improved demand, prices gain momentum as has been recorded in the molybdenum market. Steady trading rates, buoyant conversion costs and strong underlying consumption in the steel sector have supported the upward price rally. European ferro-molybdenum prices edged up to $26.50-27.10 per kg in-warehouse Rotterdam, up by over 7% since the start of 2018. Meanwhile molybdic oxide prices have...
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