Moly oxide prices slip on slack demand: sources

摘要

Molybdenum oxide prices narrowed Tuesday as sources reported subdued activity in Europe and limited sales in Asia. Platts daily molybdenum oxide price fell to $7.75-$7.85/lb from $7.75-$7.90/lb, while European ferromolybdenum dropped to $19.60-$20/kg from $19.70-$20/kg. Sales were reported at $7.75/lb in Busan and $7.85/lb CIF India, both 20 mt lots. While there were fewer offers this was not preventing prices inching lower given slack demand.