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Platts reported that a lack of inquiries and concluded deals kept molybdenum oxide prices stable on Thursday.
Platts reported that a lack of inquiries and concluded deals kept molybdenum oxide prices stable on Thursday.
As quoted in the market news:
One Europe based trader said that the market was very quiet and he had concluded a deal for around $10.70/lb prompt Busan.
A second Europe based trader said: “Oxide seems to be stable now but there are not so many inquires unless it’s for small tonnage only.”
Meanwhile, in Asia spot offers for molybdenum oxide powder were also being seen at $10.70-10.80/lb but failed to attract buyers as they expect prices to fall further in the days ahead, sources said.
One Chinese trader offered moly oxide powder to a Japanese trader at $10.70/lb CIF Japan, for shipping within 30 days.