BEIJING (Asian Metal) 19 Oct 05 – Going by reports from market participants, the days of lamentations and chuckling seem to be over as traders and dealers seem to be smiling once again, not because either ferromolybdenum 65%min or ferromolybdenum 60%min is trading at high price as happened in early September, but the material is ‘moving’ in the market with enquiries flying around and concluded deals been reported at USD78-79/kg Mo d.p. for 65%min and USD76-77/kg Mo d.Asian Metal Copyright A European trader also reported selling 30t of ferromolybdenum 65%min for USD78kg Mo d.Asian Metal Copyrightu.Asian Metal Copyright A European trader also reported selling 30t of ferromolybdenum 65%min for USD78kg Mo d.Asian Metal Copyright for 60%min in warehouse Rotterdam for prompt delivery.Asian Metal CopyrightAnalysts think the market might become active again but would not stick out their necks on the level the material will trade in this last quarter.Asian Metal Copyright
A Scandinavian trader reportedly sold 20t of ferromolybdenum 65%min for USD78.5/kg Mo d.Asian Metal CopyrightBEIJING Asian Metal 19 Oct 05 – Going by reports from market participants, the days of lamentations and chuckling seem to be over as traders and dealers seem to be smiling once again, not because either ferromolybdenum 65%min or ferromolybdenum 60%min is trading at high price as happened in early September, but the material is ‘moving’ in the market with enquiries flying around and concluded deals been reported at USD78-79kg Mo d.Asian Metal Copyrightp.Asian Metal Copyright A European trader also reported selling 30t of ferromolybdenum 65%min for USD78kg Mo d.Asian Metal Copyright in warehouse Rotterdam.Asian Metal Copyrightp.Asian Metal Copyright “The market is turning around, and I think it’s a sign of good things to come as enquiries is gradually increasing now,” said the trader.
A European trader also reported selling 30t of ferromolybdenum 65%min for USD78/kg Mo d.p.Asian Metal Copyright in warehouse Rotterdam.Asian Metal Copyright in warehouse Rotterdam for prompt delivery.Asian Metal Copyright “The market is turning around, and I think it’s a sign of good things to come as enquiries is gradually increasing now,” said the trader.Asian Metal Copyright “I think buyers are coming out again as they might have probably been running out of stock for production,” reasoned the trader.Asian Metal CopyrightA Scandinavian trader reportedly sold 20t of ferromolybdenum 65%min for USD78.Asian Metal Copyright
In a related development, a Scandinavian end-user reported of a 5t ferromolybdenum 65%min deal to be concluded soon. “We are about concluding a 5t deal for EUR65/kg Mo DDP to our foundry in Finland from a city near Stockholm”, said the spokesman of the end-user company.Asian Metal Copyright “The market is turning around, and I think it’s a sign of good things to come as enquiries is gradually increasing now,” said the trader.Asian Metal Copyright
Analysts think the market might become active again but would not stick out their necks on the level the material will trade in this last quarter.
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