Asian Moly Oxide Powder Sellers Divided on Pricing

Platts reported that today some molybdenum oxide powder sellers in Asia lowered their offers due to a fall during European trading hours. However, some opted not to do so.

As quoted in the market news:

Platts assessed moly oxide at $14.10-14.55/lb Thursday, down from $14.20-14.80/lb Wednesday, following sales at $14.10-14.45/lb delivered/in-warehouse reported in Europe.

‘The change of market sentiment may be due to London Metal Exchange nickel prices falling,’ said a Japanese trader. The LME three-month official nickel prices fell to $18,600-18,650/mt Thursday, from $20,700-20,725/mt Wednesday.

Click here to read the full Platts report.