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FeMo price in Europe and America keeps falling
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There is still no sign that the ferromolybdenum prices will recover as the price continues to decline after the Christmas and New Year holiday period. The market is very quiet as buyers and traders are expecting further prices drops. At present, the American ferromolybdenum price has hit the bottom at US$24 per pound. The quotation from the European ferromolybdenum market is lower than US$51/KG. Along with the dropping price of Chinese ferromolybdenum, it is expected that the price in Europe and America will continue dropping. The molybdenum oxide price is relatively strong. (Jan. 6)
News Date
1/6/2006 11:41:23 AM
reported by
Sally
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