FeMo, MoO3 Prices Stable In Europe, Long-Term Negotiations Dominate
Ferro-molybdenum (FeMo) and molybdic oxide (MoO3) prices remained stable on Friday November 20, as negotiations for long-term contracts continued.
Metal Bulletin¡¯s quotations remained at $12.30-12.50 per kg and $4.45-4.60 per lb respectively, although market participants have said this does not necessarily mean plain sailing to the end of the year. As negotiations for long-term activity proceed, participants have reported differing approaches from the various corners of the market.
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