[Ferro-Alloys.com]After the Spring Festival holidays, overseas moly oxide rebounded to USD8/lbMo. Some buyers returned to the market for raw materials, which enhanced the confidence of participants.

[Ferro-Alloys.com]Overseas moly oxide transacted at USD8.4/lbMo amid soft demand. Steel mills’ operation rate was low, as well as stocked enough raw materials, so downstream buying intention lowered.

[Ferro-Alloys.com]Overseas moly oxide price slipped to USD8.7-8.8/lbMo amid soft demand.

[Ferro-Alloys.com]Overseas moly oxide price edged down to USD9.2-9.35/lbMo, as sellers outnumbered buyers.

[Ferro-Alloys.com]After European holidays ended, consumers entered the market and restocked materials, leading to moly price bounce. Overseas moly oxide price rebounded to USD9.3-9.4/lbMo, which was prompted by frequent buying activities.

[Ferro-Alloys.com]After European and American holidays ended, consumers successively returned to the market and made next round of purchase.

[Ferro-Alloys.com]Approaching the Christmas holidays, many European and American customers quitted the market, preparing for Christmas holidays.

[Ferro-Alloys.com]Overseas moly oxide price rallied, transacting at USD9.1/lbMo. Consumers believed it a best opportunity of buying materials, as they expected price to bottom.