Overseas Moly Oxide Price Slipped, but Demand Recovered
- Details
- Category: Molybdenum's News
- Published on 12 September 2014
- Written by jwy
- Hits: 324
Overseas moly oxide price edged down, transacting at USD12.7-12.8/lbMo. As operation rate of steel industry improved after the summer vacations, the demand for raw materials has recovered much. Exporters received more inquiries, but bids were too low, so they rejected. There were low-priced FeMo from China available in the European market, which pulled down local market price.
A Sichuan moly oxide exporter reported sales in the Asian market at USD12.95/lbMo. During the Mid Autumn Festival, the deals were slim, so the price might drop. It is expected that in mid-September, the price would rise with increased demand.
Overseas FeMo was offered at USD31.5-31.9/kgMo, and transacted at USD31/kgMo. Sellers scrambled to sell materials, so the market was weaker.
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