Moly races past $9/lb, market eyes higher prices

摘要

London—Molybdenum oxide raced up Monday as the positive sentiment seen at the end of last week showed no signs of turning. The S&P Global Platts Daily Dealer Molybdenum Oxide assessment was $9-$9.60/lb Monday, up from $8.70-$9/lb Friday. Market participants said the prices had dropped “too quickly and too low” two weeks ago to $8.20/lb and molybdenum was now in a correction phase. Deals were concluded within the range, with Busan seeing the bulk of transactions.