Europe: FeMo up on stronger bids

摘要

Prices for most noble alloys held steady today, but the molybdenum complex was up despite news of a partial restart at Luming's operations in China by the end of July. Prices edged up by 30-45c for material with 65-70pc Mo content to $17.75-18.25/kg dp Rotterdam. Steel mills were more active in the market and stock levels seemed lower, with a week on week increase in enquiries.