Ferrovanadium tags soften further; moly steady

Aug 01, 2014 | 03:27 PM | Daniel Fitzgerald

Tags  ferrovanadium prices, ferrovanadium demand, molybdenum prices, molybdic oxide prices, molybdenum demand, ferromolybdenum, Daniel Fitzgerald

NEW YORK — Ferrovanadium spot prices have softened further as suppliers continue to bow out of the spot market, while molybdenum prices appear to have settled after tailing off in recent weeks.

Ferrovanadium dropped to a range of $12.50 to $12.75 per pound from $12.50 to $13 previously, having peaked above $14 per pound in late April (amm.com, April 25).

Prices have dropped consistently over the summer, with many producers choosing to focus on servicing contract business due to high offtake levels, while some traders have opted to liquidate their positions (amm.com, July 11). ....

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