Molybdenum oxide moves lower in slow post-holiday trade

摘要

Molybdenum oxide prices moved lower Thursday, although business remained slow as market activity continued its gradual resumption after the end-of-year holidays. “For the moment the market wants to go lower,” said a European trader. Oxide powder offers in Asia were indicated in the $11.70-$11.80/lb range, with one spot lot reported booked at $11.70/lb in Busan.