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

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June 2018 | Ferro-alloys


Quietness to give room to further cuts: Molybdenum Highlights


European ferro-molybdenum consumers in the steel sector appear satisfied with their long-term contracted intake of alloys and seem reluctant to replenish their stocks while spot prices continue to drop.

Unusually quiet trading activity in molybdic oxide and alloys markets has pressured down June prices in Europe, with the prospect of further falls if emerging offer prices for oxide are accepted and while steelmakers appear reluctant to buy alloys in a weakening market. The latest assessed European molybdic oxide prices are at $10.95-11.05 per lb in-warehouse Rotterdam, while alloy prices have dropped to $27.00-27.35 per kg in-warehouse Rotterdam. The markets are now down to around annual lows last seen at the start of 2018. Sources...

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