Little support seen for molybdenum oxide at $8/lb

摘要

There was no talk of support or a psychological barrier at $8/lb for molybdenum oxide Thursday, as players accepted business had been concluded at that level and waited to see how much further prices might drop. Platts molybdenum oxide daily dealer price fell to $8.00-8.10/lb from $8.15- 8.20/lb on Wednesday. Oxide powder is now 5 cents above the $8/lb weekly mean price seen on April 23, 2009.