Asia ferromoly sellers reject buyer bids below 31 dollars/kg

摘要

Spot ferromolybdenum prices came under downward pressure Thursday with several Asian trading houses bidding at 30-31 dollars/kg CIF Asia main ports, but two sellers, also in Asia, rejected the bids, market sources said. There were three trading firms looking to buy 20 mt of ferromoly at less than 31 dollars/kg CIF.