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Platts reported that moly oxide prices showed signs of stabilizing Thursday, with offer levels moving higher during the daytime in Europe. The stabilization follows a “seemingly relentless slide” in recent days.
Platts reported that moly oxide prices showed signs of stabilizing Thursday, with offer levels moving higher during the daytime in Europe. The stabilization follows a “seemingly relentless slide” in recent days.
As quoted in the market news:
“Today we have seen a lot more activity coming from the traders looking for material,” said one European trader, who picked up prompt oxide powder at $4.35/lb ex-warehouse Busan.
“This can be explained by the fact that one of the producers has stopped offering and others are relatively tight on the availability of spot cargo,” he added.
A second European trader said offer levels pushed above $4.50/lb as the day progressed, adding that there was “lots of buying interest today but not many sellers.”