Moly slides faster as liquidating traders panic

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...

Published

Janie Davies

June 27, 2014

14:53 GMT

London