This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Molybdenum Market Update (February 4, 2013)

Spot prices for ferromolybdenum, which is mainly used in steelmaking, sat between $12.75 and $13.50 a pound this week, little changed from the $12.75 to $13.25 range seen a month ago, according to data from  Metal-Pages.

Molybdenum oxide (from which ferromolybdenum is made) currently trades for $11.45 to $11.55 a pound, compared to $11.50 to $11.60 a month ago.

Meanwhile, Platts  reported that US steel production slipped 1 percent last week, to 1.806 million net short tons from 1.824 million net short tons the week before. Production was also down 5 percent from the same week in 2012. Year to date, the country's steel output has declined 5.9 percent from the comparable 2012 period.

Last week, the China Iron and Steel Association  said that it sees China's steel demand rising 3.1 percent this year, up 0.6 percent from last year's growth rate, as the country's economy continues to recover. However, the association also said that ongoing oversupply will likely continue to hold back steelmakers' profits. Chinese steelmakers consume roughly 30 percent of global molybdenum production.

Molybdenum Market Update (February 4, 2013) from Moly Investing News

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.74 0.00%
FB $117.58 0.00%
GOOG $693.01 0.00%
TSLA $240.76 0.00%
YHOO $36.60 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs