Molybdenum oxide market sees more sellers and lower prices

摘要

London—Molybdenum oxide prices continued to decline on June 26 with more sellers coming out looking to beat a falling market. The Platts Daily Dealer Molybdenum Oxide assessment fell to $7.15- $7.50/lb on June 26 from $7.20-$7.60/lb on June 25. Market participants said there was surprise in Asia to see the low numbers concluded in Asia on June 25, and there were more panicky sellers seen in the market.