Molybdenum oxide cracks $5/lb level

摘要

The anticipated psychological supportlevel for molybdenum oxide prices at $5/lb proved to be relatively porous Wednesday asthe market continued its downward progress.The Asian markets have been looking toEurope for direction of late, and initially inAsian trade offer prices in-warehouse Busanwere in a narrow range of $5.00-$5.05/lb,with bid levels at $4.90-$4.95/lb.