Moly oxide rangebound; Asia offers hold at $12/lb and above

摘要

London—Buying activity remained slow in the molybdenum market Tuesday, with prices largely underpinned at current levels, although there were some signs of offer prices easing in Asia. "Yesterday was dead quiet, no movements at all," said an Asian trader. Tuesday's business saw "still a few fishing for low prices, like $11.90," the trader said. "But most sellers are indicating $12.00–$12.10/lb Busan and not willing to lower their prices yet." An Asian producer agreed. "In Asia, oxide is offered $12.05-$12.10 for prompt release," he said. "Buyers' target is below $12, but sellers are resisting."