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Moly slides faster as liquidating traders panic
June 27, 2014 - 14:53 GMT
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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