Moly discounts expected to stay flat

Dec 03, 2013 | 01:46 PM | Daniel Fitzgerald

Tags  molybdenum, ferromolybdenum, molybdic oxide, contract discounts, Daniel Fitzgerald

NEW YORK — U.S. molybdenum producers and traders do not anticipate a reduction in functional discounts for long-term contracts in 2014, with aggressive quotes forcing many sellers to focus on preserving market share.

The spot price range for molybdic oxide remained at $9.60 to $9.90 per pound, while ferromolybdenum was unchanged this week at $11 to $11.25 per pound.....

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