Tag: Indian ferro molybdenum market updates
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India: Ferro molybdenum prices hit over 6-month low on weak demand and softer LME prices
Prices ease across Europe, US ; China hold firm LME future prices fell slightly by $0.33/lb w-o-w Indian ferro molybdenum prices fell 2.6% w-o-w to INR 2,614,000/t ($28,959/t) exw on 3 December according to BigMint’s assessment. The fall was mainly driven by soft end-user demand and a drop in LME prices, which kept overall domestic…