EU molybdenum product prices fall again
According to information obtained from Hainan West Asia, EU molybdenum product sellers have failed to maintain price growth, and demand has sharply decreased since the beginning of summer. Market participants have varying opinions on the outlook, but most still hold a pessimistic attitude.
.png)
After the price surge two weeks ago, the quotation for ferromolybdenum (60-70% Mo) fell to $52-54/kg Mo FCA Rotterdam (previously $53.5-54.5/kg Mo). Meanwhile, last week, the price even reached $55.5 per kilogram of Mo, but the complete lack of purchasing activity and the beginning of summer prompted sellers to lower their prices. A professional shared his opinion: 'I heard there are still lower prices, and the time for price increases is as short as expected.'.
Molybdenum oxide (57% Mo) is quoted at $22 per pound Mo FCA (from $23-23.2 per pound Mo a week ago).
Some sellers believe that the raw materials should be more expensive, which can also support the alloy's quotation. A seller commented, "The raw material production in South America is gradually decreasing, while in Europe, it is not easy to find raw materials to purchase, so molybdenum oxide cannot be cheap at all.
However, most suppliers still agree that there will be a downward trend in summer, according to Hainan West Asia's analysis: "Soon, prices will return to $50/kg Mo, and everything will depend on the degree of reduction in summer consumption.
- Export - Metals
- silicon manganese
- Inoculant
- Silicon Carbide
- Recarburizer
- Ferro Silicon
- Silicon Metal
- Ferro Manganese
- High Carbon Silicon
- Nodulizer
- Cored Wire
- Silicon briquette
- Silicon powder /Micro Silicon-Powder
- Silicon slag/Low carbon silicon
- Ferro chrome
- Calcium Silicon
- Electrolytic Manganese Flakes
- Ferro Silicon Aluminum
- Silicon aluminum barium calcium
- Silicon calcium manganese
- Silicon barium calcium
