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Moly oxide, ferromolybdenum prices inch up

Keywords: Tags  molybdenum prices, ferromolybdenum, molybdic oxide, molybdenum, molybdenum demand, Daniel Fitzgerald

 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 hasn’t changed," he said.

"We’ve been trading in this range for the last couple of months, and I don’t expect it to change in the near future," one producer source said.

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