Spot Molybdenum, Molybdenum Oxide Prices Down Since July 1
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- Category: Molybdenum's News
- Published on 22 July 2013
- Hits: 417
It is reported that spot molybdenum prices have weakened; its spot moly oxide daily dealer price currently sits at $9.18 to $9.28 per pound, down from $10.10 to $10.25 per pound on the first of this month.
Two traders said their bids for several tons of SUS316 stainless scrap containing 16-18% chrome, 10-14% nickel and 2-3% moly were Yen 150/kg ($1.50/kg) ex-warehouse.
Spot deals had closed in the first week of the month at Yen 180-200/kg ex-warehouse for 1-50 mt for delivery within the month, said trade and mill sources. The traders said they planned to bid lower following the fall in spot moly oxide powder prices.
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