NEW YORK Ferrovanadium
prices have ticked up slightly on reports of tightening supply,
while molybdic oxide and ferromolybdenum prices dropped
Ferrovanadium prices rose to a
range of $14.50 to $15.20 per pound from $14 to $15 per pound
One trader told AMM
that a major consumer had purchased 20,000 pounds of material
at $15.20 per pound, suggesting that a shortage of material led
to a willingness to transact at higher prices.
"Id say the market is a
little bit more balanced towards a deficit in supply," he
Meanwhile, canned molybdic oxide
slipped to a range of $11 to $11.30 per pound from $11.15 to
$11.40 previously, while ferromolybdenum moved down to a range
of $12.40 to $12.65 per pound from $12.50 to $12.75.
"Its modestly weaker,
theres still no spot business," one producer said.