US FeMo prices exceed $20 per lb

Ferromoly prices in the US inched up to $19.80-20.20 per lb from $19.75-20, based on several transactions. In Europe, there continues to be buyer resistance at $44 per kg although inter-trade business has been done at above $44. Briquette prices are still at a considerable premium to oxide prices, which have held steady at $17.40-17.60 per lb. Briquette sales to consumers were reported at $18.50-18.75 per lb. Briquettes are tight, suppliers say, but no one is concerned about oxide availability.