FeMo and Mo prices firm in Europe

BEIJING (Asian Metal) 2 Aug 06 – With molyoxide currently concluding in the range USD25.50-26/lb, ferromolybdenum prices should ordinarily be in the range USD60-61/kg Mo.Asian Metal Copyright in warehouse Rotterdam said FeMo enquiries is very low at the moment although prices are stable in the range USD60-61kg Mo.Asian Metal Copyright This has given hopes to dealers that current mainstream FeMo prices in the range USD58-58.50/kg Mo d.Asian Metal Copyrightu.Asian Metal Copyrightu.Asian Metal Copyright in warehouse Rotterdam said FeMo enquiries is very low at the moment although prices are stable in the range USD60-61kg Mo.Asian Metal Copyright and USD59-59.70/kg Mo d.Asian Metal Copyrightu.Asian Metal Copyrightp.Asian Metal Copyrightu.Asian Metal Copyright will largely remain stable in the days ahead.Asian Metal Copyright in warehouse Rotterdam for cash payment and prompt delivery.Asian Metal Copyright

Buttressing his conviction, a trader who reportedly sold 10t of FeMo 65%min at USD59.60/kg Mo d.Asian Metal Copyright but still awaiting response from customers as at press time.Asian Metal Copyrightp. on Tuesday argued because there is little material around, any slight increase in enquiries will push concluded prices to a minimum of USD60/kg Mo d.Asian Metal Copyright This has given hopes to dealers that current mainstream FeMo prices in the range USD58-58.Asian Metal Copyrightp.Asian Metal CopyrightBEIJING Asian Metal 2 Aug 06 – With molyoxide currently concluding in the range USD25.Asian Metal Copyright One of such confirmed dealers’ expectations as he offered 6t of FeMo 65%min material for USD60.50/kg Mo d.Asian Metal Copyright and USD59-59.Asian Metal Copyrightp.Asian Metal Copyright they had made in the previous day.Asian Metal Copyright but still awaiting response from customers as at press time.Asian Metal Copyright in warehouse Rotterdam said FeMo enquiries is very low at the moment although prices are stable in the range USD60-61kg Mo.Asian Metal Copyright

And with JDC insisting on USD25.60/lb as its floor price, other Chinese suppliers may take cue and refuse to lower offers as some did last week when they reportedly withdrew ferromolybdenum offers below USD57.40/kg Mo d.Asian Metal Copyright will largely remain stable in the days ahead.Asian Metal Copyrightu.Asian Metal Copyright This has given hopes to dealers that current mainstream FeMo prices in the range USD58-58.Asian Metal Copyright they had made in the previous day.Asian Metal Copyright50kg Mo d.Asian Metal Copyright

An indication that ferromolybdenum prices will remain firm in the coming days was reinforced on Thursday as a container of FeMo 60%min was concluded to a Turkish consumer at USD58.50/kg Mo d.Asian Metal Copyright50kg Mo d.Asian Metal Copyrightu.Asian Metal Copyright in warehouse Rotterdam said FeMo enquiries is very low at the moment although prices are stable in the range USD60-61kg Mo.Asian Metal Copyright in warehouse Rotterdam for cash payment and prompt delivery.Asian Metal Copyright "We are waiting till the end of August or early September before we offer material," said the source that also bought 40t of molyoxide last week at around USD25lb.Asian Metal Copyright

In eastern Europe, a source that bought 20t of FeMo 60%min last week for USD57.80/kg Mo d.Asian Metal Copyright50kg Mo d.Asian Metal Copyrightu. in warehouse Rotterdam said FeMo enquiries is very low at the moment although prices are stable in the range USD60-61/kg Mo. "We are waiting till the end of August or early September before we offer material," said the source that also bought 40t of molyoxide last week at around USD25/lb.Asian Metal CopyrightAnd with JDC insisting on USD25.Asian Metal Copyright "There is not much enquiries lately.Asian Metal Copyrightp.Asian Metal Copyright"

However, some participants think there were so many deals last month and expect less buying activity this month claiming not a few end-users have bought material to avoid rising prices that usually manifest immediately after summer holidays.