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Moly prices stable despite sales

  • Wednesday, August 31, 2011
  • Source:

  • Keywords:Moly
[Fellow]
A slight pickup in spot moly sales failed to boost prices. Western FeMo sales were booked at $35-35.30 per kg. FeMo offers rose to $35.50-35.75 per kg, but consumers continued to negotiate prices lower. An Austrian mill reported buying FeMo at under $35 per kg. Oxide sales were done in the US and Europe at $14.40 per lb. Buying interest from Japan and Eastern Europe prompted traders to raise their prices for oxide to $14.50. FeMo sales were reported in the US at just over $17 per lb. 
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