Moly oxide indications in wide range as market softens

摘要

Price indications for molybdenumoxide varied across a wide range Tuesdayas the European market returned from theEaster holiday break, but the underlying trendwas lower.Prices were "all over the place," said onetrader in Asia, citing rumors of oxide businessconcluded in Asia at $12.45/lb against abackground of Chinese destocking, butadding that the lowest offer he could find wasat $12.55/lb.