FeMo, oxide up on enquiries for January deliveryLondon 21...

FeMo, oxide up on enquiries for January delivery
London 21 December 2009 16:25


Ferro-molybdenum and molybdic oxide both rose on Friday, as enquiries for delivery in January picked up and traders held out for higher prices.

Western grade ferro-molybdenum climbed to $27.90-29.50 per kg from $27.50-29 per kg previously, with deals reported across the new range.

A producer sold a truckload of material at $28.40 per kg and moved several small parcels at $29.50...