Ferro Molybdenum Price - August 9, 2019

In the ferro molybdenum market, Chinese export prices have surged by almost 13pc since the beginning of July, and this in turn has boosted prices elsewhere, particularly in Europe. By comparison, prices for 65-70pc grade alloy rose by 1.7pc over the same period, Argus data show.

The price differential is likely to encourage Chinese participants to buy directly from Rotterdam, or to see South Korea diverting alloy to China, thus alleviating supply pressures in Europe.

Despite the duty on exports to China, European sellers and Chinese buyers are likely to achieve profits as the price difference rose to $5/kg on 1 August, which is the widest spread since August 2017, Argus data show.

Prices of molybdenum products on August 9, 2019

Picture of molybdenum powder

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