[Ferro-Alloys.com]Overseas moly oxide price rebounded to USD13.2-13.3/lbMo. Consumers didn’t return to the market, so the price bounce was prompted by traders’ buying activities. As traders expected bottom, planning to restock some materials for low buy and high sell.

A Shaanxi moly oxide exporter offered USD13.3-13.4/lbMo for moly oxide, and reported higher sale volumes than last month. It is expected that moly oxide price might rise further on increased trading activities after summer vacations.

Overseas FeMo price rose to USD32-32.5/kgMo due to demand uptick and supply shortage. But the market didn’t appear too strong, and the supply an demand is well balanced.

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• [Editor:Mango]