Molybdenum News Center

Molybdenum Oxide Prices Slip as Sellers Drop Offers

The molybdenum oxide market edged down in these months 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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