Indian ferro molybdenum (Mo:60%) prices saw an uptick of INR 20,000/t ($241/t), reaching INR 2,450,000/t ($29,549/t) exw-Nagpur as compared to the previous assessment on 21 Feb’23. The increase can be attributed to favourable market sentiments, especially in European and Chinese markets. As per sources, prices are expected to go upwards or remain range-bound in the coming days.
