Prices for molybdic oxide and ferro-molybdenum continued on a downtrend during the first half of this week, with buyers holding out in anticipation of cheaper prices ahead.
Fastmarkets' price assessment for ferro-molybdenum, 65% Mo min, in-whs Rotterdam, fell to $26.40-26.60 per kg on Wednesday March 24, down by 2.1% from $26.85-27.30 per kg on March 19.The corresponding price assessment for molybdenum MB drummed molybdic oxide Mo, in-whs Busan, was $11.10-11.30 per lb on Wednesday, down from $11.50-11.60 per lb at the end...