European Molybdenum Oxide Offers Slightly Softer
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- Category: Molybdenum's News
- Published on 29 July 2014
- Written by Elva
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European molybdenum oxide 57%min powder offers have decreased by around USD0.10lb since the middle of last week to hover between USD13.10-13.30lb in warehouse Rotterdam on Monday.
Sources who spoke with Asian Metal explained that the lack of buying activity seen over the past 3-5 days has been behind the slight downward correction, and with the spot market likely to be quiet over the next three weeks due to the summer slow season, it is expected that prices will slip slightly below USD13.00lb in warehouse Rotterdam in the near term.
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