Molybdenum oxide prices slide, but Q4 outlook remains firm

摘要

Molybdenum oxide prices slippedFriday as deals were concluded at the lowerend of the anticipated trading range."Prices tried to push higher but the marketwould not accept it," one European trader said.Others said they were still positive thatprices could move higher, but said they couldno longer achieve $8.95/lb in Europe or Asia.Sales were reported at $8.85/lb in Busan andRotterdam, but only Rotterdam was able toachieve $8.90/lb.