Us: Feti resumes uptrend

摘要

Ferro-titanium prices resumed their uptrend after holding steady last week, bolstered by further hikes to feedstock costs. Ferro-molybdenum has also ticked higher as US suppli- ers track price movements for competing origins. Higher replacement costs and stronger demand lifted prices for 65pc grade alloy to $10.05-10.30/lb, up from $9.90-10.25/ lb on 5 November. Sellers tracked replacement costs in mar- kets such as Busan and Rotterdam and tested higher offers accordingly, as the cost to replace inventory rose in the past week. Market participants saw an influx spot inquiries in recent days, mostly for half or full truckloads, with bookings made at $10.05/lb, $10.10/lb, $10.20/lb, and $10.30/lb on an unknown delivery basis.