Molybdenum prices slump as spot sales slow

May 04, 2012 | 12:16 PM | Thorsten Schier

Tags  molybdic oxide, ferromolybdenum, molybdenum prices, Thorsten Schier

NEW YORK — Molybdenum prices in the domestic market have softened as spot activity has slowed.

"It’s dead or dread at the moment, depending on how you want to look at it," one trader said.

Sources expressed some surprise at the slowing spot market after steel capacity utilization rates recently hit a three-and-a-half-year high (AMM, April 15). ....

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