About year ago, on August 21, 2014, Platts daily dealer molybdenum oxide assessment was at $13.15/lb. In fact, throughout August 2014 the price stayed above $12.95/lb, which seems unimaginable now when oxide struggles to hold above $6/lb.
Today, interest for purchasing oxide powder is increasingly slow and prices are being held back by the lack of spot purchasing. But when we look back at the same time a year ago, was it that different? Traders and producers were telling us that summer trade was thin, similar opinions we hear today.