Molybdenum Investing

Moly Oxide Offers Rise to $12.20-12.50/lb CIF Busan

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Investing News Network • January 7, 2013

Platts reported that spot molybdenum oxide powder offers from Chinese traders have risen to $12.20-12.50/lb.

As quoted in the market report:

A South Korean trader said a regular supplier in China has offered at $12.20/lb CIF Busan for a prompt cargo, while another Chinese trader offered at $12.50/lb CIF Busan, also a prompt shipment. Offers rose on the back of limited availability of spot cargoes, he said.

To view the whole Platts report, click here.

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