Molybdenum oxide slides as holidays near in China

摘要

London—Molybdenum prices continued to slide Sept. 25 with market participants noting that buying interest was picking up as prices declined. The Platts Daily Dealer Molybdenum Oxide assessment was at $8-$8.20/lb, from $8.10-$8.35/lb on Sept. 24. “There were more inquiries in the afternoon," one Asian trader said. "European traders are restocking.” Others said they had received lots of bids at $8-$8.10/lb in Asia but did not want to sell and preferred to wait while a second Asian trader said it was “not a good time to buy.”