Molybdenum Market Report May 2015
2015-06-29 14:06:16 【Print】
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Chinese molybdenum market saw lower prices in May
. As downstream steel mills reduced consumption volume of ferromolybdenum and pressed bidding prices, domestic ferromolybdenum prices were on the decline . At the same time, suppliers faced big funding pressures and had to lower their offers to promote sales . Many traders in the international market were pessimistic about the future market and in a strong mind to sell out their materials . As a result, the international molybdenum prices will continue to decrease in the future. It is predicted that the molybdenum oxide prices will decrease to USD7/lb in June.