Western Grade ferro-molybdenum basis 65-70% rose to trade at $73.80-75 per Kgs from $73-73.90,while drummed Molybdic Oxide jumped to $32-32.60 per lbs from $31.50-32 per Kgs.
FeMo prices has raised in the past two weeks.
Prices are also drawing strenght from increased buying activity from the stainless steel sector.
Oxide supply from China and South America has tightened in the last few weeks.
Chinese-grade ferro-molybdenum prices stayed static on Friday at $ 71-72 per Kg as market refuses to accept higher offer prices from Chinese producers.