Platts reported that spot buyers and sellers of molybdenum oxide powder are moving close towards a common price on Friday.

As quoted in the market report:

A Chinese trader has offered $11.25-11.30/lb CIF Busan, in addition to another Chinese trader offering $11.25/lb CIF Busan as reported by Platts Thursday. Most other Asian traders were offering $11.30-11.40/lb CIF Busan, while South Korean buyers bid $11.20-11.25/lb CIF Busan.

To view the whole Platts report, click here.