US ferro-molybdenum prices have neared a three-month high, as increased demand and prices in Asia rippled across the global complex.
FeCr
US high-carbon ferro-chrome (Cr 62pc C 6-8pc) prices remained unchanged at $3.30-3.40/lb. Spot trade was thin in the past week.
FeMo
US ferro-molybdenum (Mo 65pc) prices rose to $20.00-21.00/lb from $19.00-20.00/lb on 15 September. A spike in oxide prices overseas — underpinned by strong demand from consumers in China — has prompted domestic suppliers to lift their offers for alloys and feedstock. A couple lots of alloy sold at $20.00/lb and $21.00/lb on an unknown delivery basis, while offers stood as high as $21.00/lb by the end of the assessment period.
US molybdenum oxide prices increased to $18.45-18.55/lb today, up from $16.60-16.70/lb the previous week. Offers on a 5t inquiry delivered in cans were tested between $18.80-19.20/lb in the past week.
FeV
US ferro-vanadium (V 80pc) prices rose to $19.00-20.00/lb from $18.50-19.00/lb on a week earlier. A couple of inter-trade spot deals were concluded at $18.85/lb and $19.00/lb for half truckloads. Meanwhile, a consumer made a booking at $20/lb on an unknown delivery basis at the start of the assessment period.
Mn alloys
US high-carbon ferro-manganese (Mn 80pc C 6-8pc) prices were flat at $1,950-2,050/gt. A mill fielded offers for forward contracts but no deals were confirmed.
US electrolytic manganese (Mn 99.7pc) prices fell to $2.38-2.78/lb today, down from $2.45-2.85/lb on 15 September. A truckload of high purity manganese metal was purchased at $2.78/lb on an in-warehouse basis.
FeSi
US ferro-silicon (75pc) prices fell to $1.65-1.85/lb from $1.90-2.05/lb the prior week. Spot deals have been slow but the market was under pressure from Chinese offers, which prompted US suppliers to lower their offers.
FeTi
North American ferro-titanium (Ti 70pc) prices were flat at $3.80-4.60/lb. Several inquiries were put forward in the past week but no index-relevant deals were done, and several discussions were still ongoing by the time Argus went to press.
