Molybdenum Oxide Prices Down on Soft Demand
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- Category: Molybdenum's News
- Published on 03 September 2014
- Written by jwy
- Hits: 299
Molybdenum oxide prices slipped Thursday, as sources said lower offers were receiving little feedback from potential buyers as soft demand continued.
"Nothing today for oxide powder -- I had offers at $13.20/lb in the morning and then at $13.10/lb," one European trader said.
A second European trader said: "The market is holding, nothing special or exciting...I do not expect the market to drop but maybe drift."
"Volume of inquiries are too low for this time of the year and everyone is struggling and losing patience," a third European trader said.
With a lack of inquiries in the market, sources said sentiment was growing negative, which put pressure on sellers to price aggressively.
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