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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.
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.
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