Asian Spot Moly Oxide Trade Seeing Little Activity

- October 8th, 2013

Platts reported that spot molybdenum oxide powder trade was thin in Asia today because market participants are looking for clearer market direction.

Platts reported that spot molybdenum oxide powder trade was thin in Asia today because market participants are looking for clearer market direction.

As quoted in the market news:

Platts moly oxide daily dealer price stood at $9.30-9.45/lb Tuesday, up from $9.10-9.20/lb on September 30, having risen steadily since offers below $9.30/lb in warehouse/CIF disappeared from global markets October 1.

Japanese and South Korean traders said they were hoping Chinese traders returning to the market this week would provide near-term price direction by either aligning their offers with recent spot deals in Europe above $9.40/lb in-warehouse, or offering at the level reflecting their market outlook.

Click here to read the full Platts report.

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