Moly oxide prices rise on stronger demand
London 26 June 2009 15:20
Drummed molybdic oxide prices rose on Friday on increased buying amid increased output of Asian stainless steel.
Prices increased to $10.50-10.90 per lb on Friday from $10.25-10.80 previously.
“It’s difficult to find material. Stainless steel producers have increased production and they have no raw material stocks;..