The Conversation (0)
Platts reported that today some Chinese traders suspended offers for spot molybdenum oxide in Asia following a low deal. They are waiting for signs of improvement.
Platts reported that today some Chinese traders suspended offers for spot molybdenum oxide in Asia following a low deal. They are waiting for signs of improvement.
As quoted in the market news:
A deal below $13/lb was reported Thursday, prompting some Chinese traders to suspend offers as their price expectations are higher.
A South Korean trader reported the deal at $12.80/lb CIF Busan for Western-origin moly oxide powder. In Europe, there was talk of sales at $12.50-12.60/lb in-warehouse.
‘Prices may stabilize as Chinese traders say they are not going to export moly oxide below $13/lb,’ said the trader who bought at $12.80/lb CIF.