Moly Prices Still Falling

Industrial Metals

MetalBulletin (subscription) reported that prices for ferro-molybdenum and molbdic oxide prices are still on the downtrend. As quoted in the publication: Although overall activity was muted, at least some material changed hands, pushing European 65% ferro-molybdenum prices down to $18.35-19.10 per kg, from $18.70-19.30 previously, and drummed oxide prices down to $7.70-8 per lb, from …

MetalBulletin (subscription) reported that prices for ferro-molybdenum and molbdic oxide prices are still on the downtrend.
As quoted in the publication:

Although overall activity was muted, at least some material changed hands, pushing European 65% ferro-molybdenum prices down to $18.35-19.10 per kg, from $18.70-19.30 previously, and drummed oxide prices down to $7.70-8 per lb, from $8-8.15. However, the falls in prices in recent days have not been as pronounced or as rapid as those witnessed earlier this year.

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