Ferro-molybdenum prices dropped in Europe on Friday June 13, as market participants reported further profit taking, coupled with a change in sentiment.

Buying activity diminished, participants said, and the expectation of the arrival of material from China also weighed on prices. Sources agreed that Chinese material is likely to be absorbed rapidly as it was bought mainly by consumers, and it is also unclear how much has been shipped, but its presence is still affecting sentiment. Its arrival may also mean buying levels will diminish further.

• [Editor:Mango]