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Platts reported that spot prices for molybdenum oxide powder increased on Tuesday.
Platts reported that spot prices for molybdenum oxide powder increased on Tuesday.
As quoted in the market news:
Spot buying interests for molybdenum oxide powder picked up during Asian trading hours on Tuesday after two steelmakers issued buy tenders for a total of 150 mt of ferromolybdenum for April, sources said.
One Chinese trader who had offered $14.20-14.30/lb CIF Busan said moly oxide powder of 100 mt could be sourced locally in South Korea because local traders and ferromoly plants have stocks.