European Ferromolybdenum Market Stays Weak

BEIJING (Asian Metal) 6 May 22 – Due to the sufficient supply in spot market, European ferromolybdenum 65%min market mentality kept weak during the past week. At present, the mainstream prices of European ferromolybdenum 65%min stand at USD46.0-46.5/kg Mo in warehouse Rotterdam, unchanged from late last week. Considering that inquires from terminal users stay rare now, insiders believe that the mainstream prices of European ferromolybdenum 65%min would keep soft in the coming week.

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