FeMo, oxide stumble on road to recovery London 19 August 2009 16:28
Ferro-molybdenum and molybdic oxide dipped on Wednesday as a pause in the market’s recovery prompted some to take profits on deals at lower prices. With many consumers still on holiday and a lack of aggressive sellers due to a tightness of material in the market, activity has been subdued this week compared with the previous four, in which the ferro-molybdenum price rose by more than a third. Ferro-molybdenum basis 65-70% fell to $42.50-43.50 per kg from $42.75-44.10 per kg previously, with some profit-takers moving material beneath the...
MOL Price at posting:
$1.45 Sentiment: Buy Disclosure: Held
