Asia, europe moly prices still feeling for the bottom

摘要

Asian molybdenum oxide prices are likely to hit bottom in mid-July at around 12.50-12.60 dollars/lb, amid weak demand and summer holidays starting in Europe, traders said Friday. Elsewhere, molybdenum oxide prices in Europe still showed few signs of finding a floor Thursday, though the move lower has been modest since the market pushed below the 13 dollars/lb level late last week.