Molybdenum price drop; 'there’s no floor' on oxide

Molybdenum prices dropped on Wednesday September 30 as suppliers slashed offer prices to secure scarce demand.

Molybdic oxide fell to $5.35-5.50 per lb, down from $5.55-5.80 per lb previously. 

“There’s no floor for now. As soon as customers come back, there’s going to be a big fight to move units out of stocks,” a trader told Metal Bulletin....

Published

Janie Davies

September 30, 2015

16:18 GMT

London