Global molybdenum oxide prices ease on limited spot business

Platts.com reports that Global molybdenum oxide prices eased slightly in Asia, Europe and the US this week.
The market news is quoted as saying:

A molybdenum oxide converter agreed that he had seen more confidence in the long-term market, adding that his company planned on doing around 60% of its business on long-term contracts this year and 40% on the spot market. “There have been more requests from the [steel] mills to buy on a long-term basis, so we have done more this year than last.”

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