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Moly slides faster as liquidating traders panic

June 27, 2014 - 14:53 GMT Location: London

KEYWORDS: ferro-alloys , steel-making raw materials

Molybdenum prices kept falling on Friday June 27 as “panicking” traders liquidated stocks.

Ferro-molybdenum prices fell to $32.60-33.20 per kg, down from $34.10-34.80 per kg on June 25 and $34.50-35.20 per kg on June 20.   Molybdic oxide prices dropped to $13.50-13.70 per lb, compared with $13.70-14.10 per lb on June 25 and $14.30-14.50 per lb on June 20.  "It looks like some traders have panicked before summer. No producers...

All material subject to strictly enforced copyright laws. © Euromoney Institutional Investor PLC.

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