Ferrovanadium spot prices have
rallied on reports of tight domestic supply, while stronger
consumer interest in molybdenum also could force price
price range tightened to $12.55 to $12.80 per pound from $12.15
to $12.80 previously, and traders and producers told
AMM they were already pushing quotes well above $13
per pound as spot material becomes more difficult to
"Last week we sold at
$12.25 per pound for a full truck, but we should not have. I am
hearing prices today above $13 per pound, but we have no
stock," one trader said.
seeing an escalation in prices," another trader said. "Im
hearing there is a little bit of tightness; most of the
producers are either sold out or have a stock deficiency."
Meanwhile, a source at
one molybdenum producer said that his company was seeing a rise
in consumer spot inquiries for molybdic oxide and
ferromolybdenum. "Their activity level has picked up, though
Im not sure if their own business has picked up.
Hopefully it will sustain for a bit," he said Jan. 17. "The
positive thing is that its consumer-driven. Weve
seen a lot of trade activity prior to this week, and you
dont put a lot of stock in whether prices will rise if
demand is just coming from the trade. But were off to a
good start for the year."