Global molybdenum oxide prices ease on limited spot business
Platts.com reports that Global molybdenum oxide prices eased slightly in Asia, Europe and the US this week.
Platts.com reports that Global molybdenum oxide prices eased slightly in Asia, Europe and the US this week.
The steel sector has been deeply impacted by the global economic climate; with an approximate 50% decline in production. Moly, as an important alloy, is following suit.
The molybdenum market is bracing for price increases in September on increased buying activity from stainless steel mills and mounting concerns over a consistent supply. The availability of ferromolybdenum remains tight as output falls at a number of major producers.
Get our independent commentary on moly trends and companies delivered to your inbox.