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Platts reported that Asian buyers of molybdenum oxide are looking to buy the material for under $10 per pound. The news outlet’s daily moly oxide dealer price sat at $9.90 to $10 per pound on Tuesday.
Platts reported that Asian buyers of molybdenum oxide are looking to buy the material for under $10 per pound. The news outlet’s daily moly oxide dealer price sat at $9.90 to $10 per pound on Tuesday.
As quoted in the market news:
One or more Japanese buyers have reportedly purchased moly oxide at $9.90-10/lb CIF Japan. Platts, however, could not confirm exact volume, price or other details.
One South Korean trader said he was offered $10.05/lb ex-warehouse Busan, adding that he has not yet placed a firm bid.
A Chinese trader said he had offered $10/lb CIF main port Asia, but has not received any counter-bids.