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Sino-European Moly Trade Limited on Anticipated Price Rebound
Mar. 07, 2011 09:42AM PST
Industrial MetalsPlatts reported that overseas buyers are waiting for moly prices to rebound after recent price corrections limited the Sino-European moly trade recently.
Platts reported that overseas buyers are waiting for moly prices to rebound after recent price corrections limited the Sino-European moly trade recently.
The market news is quoted as saying:
Several key moly traders in mainland China said they have mainly focused on the moly re-export trade as well as in-warehouse Rotterdam trade over the past year and this year on lack of arbitrage oppportunities in the moly import-export business.