Molybdenum Oxide Slides Further with Aggressive Offers
October 13, 2015 - Molybdenum oxide prices started a new week on a weaker note, as further aggressive sales and offers pushed the market lower.
The Platts daily dealer molybdenum oxide assessment fell to $4.70-$4.80/lb on Monday from $4.80-$4.90/lb on Friday.
A producer reported selling a combined total of 84 mt at $4.70/lb, in-warehouse Rotterdam, while a trader reported maintaining offers at that level, but not booking anything.
On Friday, a transaction of 24 mt of moly oxide briquettes was reported at $4.70/lb, in-warehouse Rotterdam, between two traders and confirmed by both counterparties, but the business was reported after the sale closed.
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