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Moly Oxide Powder Trading Higher Than $14/lb in China This Week
Mar. 22, 2012 10:50AM PST
Industrial Metals Investing
Platts reported that this week traders in China did not want to make spot sales of molybdenum oxide powder below $14 per pound despite the fact that sales have been closing between $13.80 and $13.90 per pound.
Platts reported that this week traders in China did not want to make spot sales of molybdenum oxide powder below $14 per pound despite the fact that sales have been closing between $13.80 and $13.90 per pound.
As quoted in the market news:
One Chinese trader said he rejected a bid at $13.90/lb in-warehouse China. A second trader with around 100 mt moly oxide powder inventories in total in China and Europe said he would wait for clearer indications of market direction.
Platts daily moly oxide dealer price stood at $13.90-14.10/lb Wednesday, unchanged from Tuesday.