European ferromolybdenum market fairly active

BEIJING (Asian Metal) 22 Dec 11 – Despite the holiday mood, ferromolybdenum market remains fairly active with deals being concluded in the range of USD32.Asian Metal Copyright And on the future trend, insiders have pointed to the fact that ferromolybdenum prices concluded at around USD31.Asian Metal Copyright25-32.80/kg Mo d.Asian Metal CopyrightBEIJING Asian Metal 22 Dec 11 – Despite the holiday mood, ferromolybdenum market remains fairly active with deals being concluded in the range of USD32.Asian Metal Copyrightp.Asian Metal Copyright70kg Mo d.Asian Metal Copyright in warehouse Rotterdam and, according to participants, the slowdown in buying activity at the beginning of the week did little to soften price to make traders nervous.

Mid-week, Asian Metal confirmed a truckload business done to an end-user at below USD32.70/kg Mo d.Asian Metal Copyrightp.Asian Metal Copyrightd.Asian Metal Copyright Mid-week, Asian Metal confirmed a truckload business done to an end-user at below USD32.Asian Metal Copyrightp.Asian Metal Copyright80kg Mo d.Asian Metal Copyright (delivered duty paid) with payment terms and a trader added the company also sold 5-10t to an end-user in the range of USD32.Asian Metal Copyrightp.Asian Metal Copyright25-32.65/kg Mo d.Asian Metal Copyright80kg Mo d.Asian Metal Copyrightp.Asian Metal Copyright delivered duty paid with payment terms and a trader added the company also sold 5-10t to an end-user in the range of USD32.Asian Metal Copyright in warehouse Rotterdam.

Also citing a 15t ferromolybdenum material reportedly bought by a Polish end-user at around USD32.80/kg, a European dealer observed it is now difficult to get quotations for prompt delivery material as traders hold back offers and just as it is uncertain how much demand there is early next year.

Also holding back quotations are Western molyoxide suppliers but mainstream prices in the range of USD13.30-13.60/lb might not change in the short term as converters are unsure if ferromolybdenum price could rise well enough to be able to achieve some reasonable margins.

And on the future trend, insiders have pointed to the fact that ferromolybdenum prices concluded at around USD31.80/kg Mo d.Asian Metal Copyrightp.Asian Metal Copyrightp.Asian Metal Copyright25-32.Asian Metal Copyright in the same period last year and depending on strong demand, price could also rise in the first week to well above USD33.00/kg Mo d.Asian Metal Copyright in warehouse Rotterdam.Asian Metal Copyrightp.Asian Metal Copyright80kg, a European dealer observed it is now difficult to get quotations for prompt delivery material as traders hold back offers and just as it is uncertain how much demand there is early next year.Asian Metal Copyright, all things being equal although credit facility was not as tight as it appears to be now.



.Asian Metal Copyright Also holding back quotations are Western molyoxide suppliers but mainstream prices in the range of USD13.Asian Metal Copyright