Moly Prices Fall on Weak 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.

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