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Print[Ferro-Alloys.com]European ferromoly prices weakened further this week, with consumer prices dipping to $26.50-26.80 per kg compared to $26.60-26.90. There were unconfirmed sales as low as $26.40. Some traders felt the market was bottoming, however. Certainly, FeMo prices in the US are stable at $12.10-12.30 per lb and have been for several weeks. Suppliers said they were being bid for oxide at $10.65 per lb but were holding out for higher prices as long as possible. The result was that prices in the US remained at about $10.80 per lb and were slightly lower in Europe.
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