Industrial Metals

Metal Bulletin reported that moly prices fell Wednesday on the back of lackluster demand.

Metal Bulletin reported that moly prices fell Wednesday on the back of lackluster demand.
As quoted in the market news:

Molybdic oxide fell to $5.35-5.50 per lb, down from $5.55-5.80 per lb previously. “There’s no floor for now. As soon as customers come back, there’s going to be a big fight to move units out of stocks,” a trader told Metal Bulletin.

Click here to read the full MetalBulletin report.

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