[Ferro-Alloys.com]Overseas moly oxide price turned upside after long-time drop, as consumers together with traders increased buying activities.

FeMo price surged 15% to USD26.5-27.5/kgMo, as steel mills sent large orders. Moly oxide price climbed to USD9.6-10/lbMo, and consumers expected rising trend. There were a lot of deals visible in the market. Exporters also adjusted offer for moly oxide after receiving more inquiries.

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• [Editor:Mango]