Prices stall again after a brief post-summer recovery

摘要

As the summer holidays draw to an end, spot market activity among traders and end-users alike has picked up. Prices for moly oxide found a bottom at around $10.50/lb and are now back above $12/lb in all regions. However, recent disappointing macroeconomic and manufacturing data from Europe and China has dampened the sentiment again with growth in industrial production in the latter slowing at a faster pace than previously forecast.