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Platts assessed its daily molybdenum oxide price at $9.65 to 9.80 per pound, up from $9.65 to $9.75 per pound previously. European sources have said it is getting harder to find competitive prices for the material.
Platts assessed its daily molybdenum oxide price at $9.65 to 9.80 per pound, up from $9.65 to $9.75 per pound previously. European sources have said it is getting harder to find competitive prices for the material.
As quoted in the market news:
‘It’s difficult to find $9.75/lb now, it looks like miners are trying to push prices up to $10,’ [a] second European trader said, adding that supply from miners was now limited.
A producer said he was hearing $9.80/lb in the market while a third trader said he had received several oxide powder inquiries from the trade.