Prices of ferro molybdenum and molybdenum oxide drop slightly in the week to Thursday November 29. Affected by the decline in prices and quantity of steel biddings, dealers lower selling and buying activities, and market confidence also is weakened.
For molybdenum contrite market, sellers are reluctant to decline prices owing to tightening availability of spot resources. The operating rate in the molybdenum chemical and product market is low and thus smelting factories have not much pressure of stocks. Offers for products are stable on the whole.
Prices of molybdenum products on Nov. 29, 2018
Picture of ferro molybdenum
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