Moly oxide continues slide, market looks for bottom

摘要

After hitting an 11-year low Thursday, molybdenum oxide prices continued to sink on Friday as sellers met a wall of silence from market participants unwilling to take a position. Platts’ daily molybdenum oxide assessment fell to $7.40-$7.50/lb from $7.50- $7.55/lb, giving a mean of $7.45/lb. Platts’ weekly dealer oxide mean was at $7.35/lb on February 26, 2004.