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China Moly Trade Thins As Traders Turn Cautious on Price Rebound
Apr. 15, 2011 05:27PM PST
Industrial MetalsPlatts reported that Chinese traders are trading lower volumes of molybdenum over concerns about higher prices.
Platts reported that Chinese traders are trading lower volumes of molybdenum over concerns about higher prices.
The market news is quoted as saying:
In North China, a moly trader said: “We have no moly oxide sales offer this week as we are out of stocks. Our imported Chilean oxide cargoes are being shipped to mainland China, and would arrive next week, so we’ll resume offering by then.”
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