MOLY OXIDE UPDATE: Asia Market Quiet as Focus Turns to Term Deals

Platts reported that trading of spot molybdenum oxide in the Asian market is slow while traders await 2012 deals.

As quoted in the market news:

Only one Japanese trader reported receiving an offer at $13/lb CIF Japan from a Chinese trader, unchanged from last Friday. Officials from moly oxide producers based in Europe and North/South America will hold discussions with Chinese and South Korean buyers this week to thrash out monthly volumes and price formula for 2012.

Click here to read the full Platts report.