NEW YORK Molybdenum oxide prices
have ticked up slightly after producers achieved marginally
better prices amid steady demand.
Molybdic oxide moved up to a range of $11.30 to $11.60 per
pound from $11.25 to $11.50 previously,
while ferromolybdenum widened to a range of $12.70 to $13
per pound from $12.70 to $12.90.
One foundry supplier, who said
that he had purchased ferromolybdenum at $13 per pound,
described consumer demand as still relatively flat. "The
melting rate hasnt changed," he said.
"Weve been trading in this
range for the last couple of months, and I dont expect it
to change in the near future," one producer source said.