May is shaping up to be yet another month of uneventful trading in molybdenum, with muted consumer interest, low volumes and narrow price ranges dominating the spot market. Consumption appears to be reasonably steady, however, and supply is by no means generous. So many players are puzzled at the way moly continues to be relatively neglected in an otherwise busy ferroalloys sector. In comparison with past years price movements have been modest. Europe has seen oxide slip from nearly 33 dollars/lb in mid-April to just under 32 dollars/lb in the first week of May, only to edge up a little more recently. Traders put terms for oxide powder at 32-32.20 dollars/lb and suggest that briquettes might be around 32.50 dollasr/lb - the latter quote being based on a sale to an Austrian mill last week at just under 32.50 dollars/lb.
展开▼
