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[Ferro-Alloys.com]

 

Indian ferro molybdenum prices rose this week, reflecting an uptick of INR 65,000/t ($831/t) this week. Global hike in demand and enough material availability in domestic market attributed increased prices. Meanwhile, prices on the London Metal Exchange (LME) platform showed a w-o-w increase of $0.43/pound to $19.77/pound on 13 February. As of 14 February, prices for Indian ferro molybdenum were at INR 2,390,000/t ($28,791/t) exw-Nagpur on a 60% pro rata basis.