Asia Moly Oxide Buyers Anticipating Price Drop

Platts reported that traders were stalling on Asia moly oxide contracts, expecting prices to fall next week.

As quoted in the market news:

In Japan, a trader said he received offers for moly oxide briquettes on Friday from a Western trader at $14.60/lb CIF Japan, “but we didn’t do any deal as the price is too high.” He said that the company did not conclude any deals on Friday.

Click here to read the full Platts report.