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Trading All But Halts for Molybdenum Oxide Market
Jun. 02, 2016 10:05AM PST
Industrial Metals Investing
Molybdenum oxide trading rolled to a stop on Tuesday with no transactions reported, according to Platts. As quoted in the report: The Platts daily dealer molybdenum oxide assessment spread narrowed to $8.10-$8.25/lb on Tuesday, based on market indications within that range, from $8.10-$8.40/lb on Friday. There was no assessment on Monday, because of a holiday …
Molybdenum oxide trading rolled to a stop on Tuesday with no transactions reported, according to Platts.
As quoted in the report:
The Platts daily dealer molybdenum oxide assessment spread narrowed to $8.10-$8.25/lb on Tuesday, based on market indications within that range, from $8.10-$8.40/lb on Friday.
There was no assessment on Monday, because of a holiday in the UK, and the assessment follows a UK holiday schedule.
A producer source reported offering at $8.25/lb, in-warehouse Rotterdam, but was unable to book a deal. The same source reported achieving $8.90 last week and said: “It’s been sliding since then in terms of offers.”