European FeMo Prices Drop As Upward Momentum Disappears

  • Thursday, September 12, 2013
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  • Keywords:molybdenum market International Molybdenum Assoc
[Fellow]
[Ferro-Alloys.com]The molybdenum market in Europe was quiet on Wednesday September 11, as various participants left for the International Molybdenum Association (IMoA) event in Utah.
 
Metal Bulletin's assessment of the price slid again, landing at $23.80-24.10 per kg on an in-warehouse Rotterdam basis. “IMoA traditionally tended to spark movement – there would be more inter-trade business and a much greater [effect] on the oxide market,” a trader said.
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