Molybdenum Oxide Prices Slip As Sellers Drop Offers
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- Category: Molybdenum's News
- Published on 10 September 2015
- Written by yiping
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The molybdenum oxide market edged down 11 Aug 2015 as more sellers came into the market, while buyers remained mainly absent.
Sales in warehouse Busan were heard at $6.10/lb, although there were also buyers bidding for material at $5.95-$6/lb. In Europe, there were very few inquiries, although market participants said offers were still at $6.15/lb and above.
Sources said offers from producers in Busan were being made at $6.10/lb with indications they were biddable, but with little interest from buyers.
"It's a really quiet day; even Koreans are on holiday now," one European trader said.
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