Molybdenum oxide prices move lower again in slow trade

摘要

London—Molybdenum oxide prices moved lower again on Oct. 16 as trade remained subdued. "The market is very quiet today. The key is that Chinese buyers do not want to follow current offers," an Asian trader said. An Asian producer said, "The market felt that prices will go down to match the [Chinese] domestic concentrates level, which is $8.70- $8.80," a view apparently borne out by a total of 60 mt of oxide powder reported sold at $8.70/lb in Tianjin for early November release.