European ferromolybdenum market dives as ‘market near to collapsing'

摘要

London—European ferromolybdenum plunged Thursday as sellers rushed into the market to minimize their downside. The Platts European daily ferromolybdenum assessment was $25.25- $25.80/kg, basis in-warehouse Rotterdam Thursday, compared with $26.00-$26.25/kg on Wednesday. A 20 mt deal was reported at $25.80/kg late Thursday, while market participants discussed the repeatability of a $24.95/kg deal heard involving a European mill.