Molybdenum markets rally amid Chile shipment concerns

Prices for ferro-molybdenum and molybdic oxide rallied during the second half of the week ended Friday January 29 while concerns about interrupted shipments from Chile reduced the hopes that tightness in Europe and Asia might ease in the near term.

Fastmarkets' price assessment for ferro-molybdenum 65% Mo min, in-whs Rotterdam, widened upward to $24.60-26.00 per kg on January 29, up by 2.3% from the midweek assessment of $24.60-24.85 per kg.
The price of molybdenum drummed molybdic oxide, 57% Mo min, in-whs Rotterdam, was assessed at $10.60-11.00 per lb on Friday, compared with $10.20-10.35 per lb on January 27, an increase of 5.1%.

And the assessment...

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