FeMo and oxide keep rising as hunt for material gets desperate London 17 July 2009 16:09
Ferro-molybdenum and molybdic oxide climbed again on Friday as demand remains high in a market bereft of available material. “It’s unbelievable that we have this market now: it’s the summer period and there’s no material available, none in the pipeline and we’re getting continuous enquiries – all for prompt delivery,” said a producer. Ferro-molybdenum basis 65-70% rose to $30-32 per kg from $29.50-30.30 earlier in the week, with traders and producers expecting further increases over the coming weeks. “I wish I had more money; I would have bought more moly two months ago,” said...
MOL Price at posting:
50.5¢ Sentiment: Buy Disclosure: Held
