Asian Spot Moly Oxide Powder Trade Still at a Standstill

Platts reported that Asia-based spot trade of molybdenum oxide powder is stalled for a fourth day as a result of buyers and sellers having different ideas about what the material should sell for.

As quoted in the market news:

Market participants said that while ferromolybdenum deals were done in the range of $23.70-24/kg CIF Asia, moly oxide buyers and sellers did not move closer in their price ideas. Sellers wanted $9.50-9.60/lb CIF/in-warehouse, while buyers asked for $9.40-9.45/lb, they said.

Click here to read the full Platts report.