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.
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