Spot Mo oxide prices rise 5% in two weeks

摘要

Spot moly oxide prices in northeast Asia rose nto $16.70-16.80/lb CIF Japan/Busan, up 5% in nthe last two weeks. The prices last week were n$16.20-16.50/lb CIF. Ferromoly plant operators nand steelmakers, who saw prices rising further in ncoming weeks, made purchases this week, while nsome others decided to wait another week in nanticipation of prices easing. One Korean ferromolynplant operator bought 20 mt from a Western tradernat $16.80/lb in-warehouse Rotterdam. Two local nsteelmakers, Posco and Posco Specialty Steel, nissued purchase tenders following last week’s pur-nchase of 100 mt. Posco bought 60 mt at $39.90kg duty and delivery costs paid basis. Posco nSpecialty is seeking first quarter supply of 150 mt. n“The steelmakers noted moly prices going up, and nwanted to buy before prices headed up further...nother local steelmakers are likely to start buying in nJanuary,” said one tender participant.