Molybdenum Price Drop; 'There’s No Floor' On Oxide
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- Category: Molybdenum's News
- Published on 08 October 2015
- Written by yiping
- Hits: 246
Molybdenum prices dropped on Wednesday September 30 as suppliers slashed offer prices to secure scarce demand.
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 the researchers.
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