Platts reported that despite thin trading in the Asian markets over the holidays, sentiment in the spot molybdenum oxide market was positive.
As quoted in the market report:
One South Korean moly oxide buyer said his price idea was $11.80/lb CIF Busan while a supplier wanted to sell at $12/lb or more. Platts daily moly oxide dealer price has been at $11.50-11.70/lb since December 27.
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