Ferro-molybdenum profit-taking narrows conversion margins

Molybdic oxide and ferro-molybdenum prices were back on an upward path during the first half of the week, mainly due to tight oxide availability, which has been heightened by recent shipping delays out of Chile.

Fastmarkets' price assessment for molybdenum drummed molybdic oxide 57% Mo min, in-whs Rotterdam, rose by 2% on Wednesday February 10 to 11.50-11.70 per lb from $11.30-11.45 per lb on February 5.
The price assessment for molybdenum MB drummed molybdic oxide Mo, in-whs Busan was also up 2%, to $11.35-11.60 per lb on February 10 from 11.20-11.30 previously.

Sellers said they had limited material available to offer to the spot market - in part due to logistical...

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