Moly Oxide Prices Still at 'Lower Levels'

Platts reported that buying activity in the molybdenum oxide market has picked up, though prices remain “predominantly at lower levels.”
As quoted in the market news:

Oxide briquette business was concluded in Europe at $5.35/lb delivered customer, down 9 cents/lb from briqs sales booked at $5.44/lb at the start of the week.
In an overall quiet week in Asia, Japanese steel mills returned to the market with tenders for both moly oxide and ferromolydenum late in the week.
One steel mill was looking for 20-40 mt of ferromoly with delivery in April, while inquiries for around 100 mt of oxide in total were posted and due to close late this week/early next week.
One supplier reported selling several containers of drummed oxide on a CIF Japan basis at a price close to $5.20/lb.

Click here to read the full Platts report.