Overseas Molybdenum Oxide Price Recovered after the Ending of Summer Vacations
- Details
- Category: Molybdenum's News
- Published on 28 August 2014
- Written by jwy
- Hits: 300
After summer vacations ended, the buying activities increased, as consumers has returned to the market and begun to supply raw materials. Molybdenum oxide price has rose to USD13.1-13.2.lbMo.
A molybdenum oxide exporter from Sichuang reported that transaction of molybdenum oxide in the Asian market will be at USD13.15/lbMo, after receiving more inquiries. It is expected that molybdenum oxide price will be higher and higher in September, as there will be more and more consumers to join the market and do purchasing.
Overseas molybdenum iron price crept upwards due to thinner spot offers. Large orders are expected to increase in the coming days, including one from a major steel mill for as much as 90mt. Molybdenum iron transacted at USD32/kgMo.
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