Molybdenum Market Focuses on China's Import Demand and Possible Knockdown Impact

Molybdenum market participants are closely monitoring China's import demand and the possible knockdown impact on global spot molybdenum prices, which have been easing since June 3.

Two South Korean traders said they have received inquiries from Chinese traders and ferromoly producers for moly oxide powder this week. The Chinese companies have expressed interest to import at $9-9.20/lb, said one trader.


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