Moly Oxide Price Consolidation May be Coming

Platts reported that although molybdenum oxide prices reached a nine-month high on Friday, some believe that consolidation will take place in the first half of April.

As quoted in the press release:

The Platts daily dealer molybdenum oxide assessment rose to $10.50-10.80/lb, with a midpoint of $10.65, from $10.35-10.65 and a midpoint of $10.50. Friday’s assessment is the highest since June 10, 2013, when it was $10.70-10.85/lb. This time last year, the assessment stood at $10.70-10.80/lb.

Click here to read the full Platts report.