European ferro-molybdenum prices lost some ground for the first time in several weeks on Wednesday April 23, following the Easter holidays.

Chinese FeMo price kept steady, and deals were strong. In late month, steel mills launched intensive tenders, biding at RMB92,000/mt (USD15,081/mt, export duty excluded) by acceptance. Mills pressed buying price of FeMo, but suppliers rejected to sell material...

[Ferro-Alloys.com]Up to Sep 29th, overseas moly price continued to drop amid poor demand, with moly oxide to USD11.25-11.55/lbMo

In June, domestic and overseas moly price continued to slide due to low demand. Steel output decreased as the government eliminated out-of-date productivity and curbed power.