European hope of ferromoly rally wanes as tags weaken

Sep 06, 2013 | 05:09 PM |

Tags  ferromolybdenum, prices, Europe prices

LONDON — Hopes for a rally in ferromolybdenum prices following the end of the European summer lull have waned as market participants reported lower prices.

AMM sister publication Metal Bulletin’s in-warehouse Rotterdam quotation for ferromolybdenum weakened to $23.90 to $24.40 per kilogram Sept. 6 from $24 to $24.40 as participants said sentiment looked poorer....

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