European Ferromolybdenum, Molybdic Oxide Prices Slip

MetalBulletin reported that European ferromolybdenum and molybdic oxide prices have sunk to four-year lows on the back of expectations of decreased demand from China and an increase in the amount of material available.

As quoted in the market news:

Metal Bulletin’s quotation for ferro-molybdenum dropped to $25-25.50 per kg, in-warehouse Rotterdam, and molybdic oxide was down to $10-10.10 per lb. Indications were also reported at levels as low as $24.80 and $9.90, although no business has yet been concluded at these levels.

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