[Ferro-Alloys.com]After the summer vacations ended, overseas moly oxide price slipped to USD12.5-12.6/lbMo. Many low-priced moly oxide materials hit European market, leading moly price to drop further. Some buyers expected that the demand for moly oxide to rise again, as the operation rate of mills improved.

A Sichuan moly oxide exporter reported more inquiries from buyers, but bids were too low, they couldn’t sell materials. It is expected that moly oxide price would lose upward momentum in absence of buying activities.

Overseas FeMo price dropped to USD30.5-31/kgMo, and market participants see continuous decline into the end of year.

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• [Editor:Mango]