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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.
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.
Click here to read the full MetalBulletin report.