The molybdenum iron price temporarily stabilized
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- Category: Molybdenum's News
- Published on 22 March 2013
- Hits: 467
Last Friday, the venue buyer initiative diminished again, molybdenum prices in Europe dropped to 27 U.S. dollars / kg.
"Lack of purchasing power of the market, and this situation to buy less at the venue" a molybdenum iron manufacturer said. "We are in the current situation of over supply, the price is under greater pressure."
MB molybdenum iron offer from $ 27.30-27.25 falling to 26.9-27.3 U.S. dollars / kg. Molybdenum oxide prices also appeared the same fall, the Port of Rotterdam quotes from $ 11-11.10 previous / kg lowered to 10.90-11 U.S. $ / kg.
One trader said, less market buyers and the negative attitude to some extent, some businesses say "yes" only to the price of their own identity.
After molybdenum prices moderate rebound, since February, began a steady to fall, due to the reasons of Chinese New Year , the latter part of the price temporarily stabilized.
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