Moly ox slips below $11/lb on thin market: traders

摘要

Weak end-user demand and increasingly aggressive offers in a thin market pushed molybdenum oxide prices below $11/lb Friday. Platts assessed the daily dealer oxide price at $10.80-10.90/lb from $10.85-11/ lb the previous day, representing downward movement for the fifth consecutive day. A converter said he had received unsolicited offers at $10.80/lb and $10.90/lb and had heard that an offer may have been made at $10.70/lb, but had not seen confirmation.