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MOLYBDENUM PRICES STILL IN DOWNTREND 25/03/2013

As Metal Bulletin reported last March 22th commenting a report first published by American Metal Market, molybdenum prices continue to decline.

Weak spot demand is forcing prices to continue their downward trend trying to revive the interest of buyers. Current levels between 10.75 and USD 11 per pound for molybdic oxide and from 12.40 to 12.50 for ferromolybdenum, contrast sharply with the levels of a year ago, when the oxide was between 14 and 14.30 $ per pound and ferromolybdenum did between 15.85 and $ 16.25 per pound.

 

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