Moly oxide and FeMo see higher prices in Europe

摘要

Molybdenum oxide edged up on August 4 with higher prices seen in Asia and Europe as the wide arbitrage persisted The Platts Daily Dealer Molybdenum Oxide assessment rose to $7.10-$7.50/lb on August 4, up from $7-$7.45/lb on August 3. “More than half the material being sold in Rotterdam must be going to Asia,” one European trader said, noting that the wide arbitrage was needed. In Asia, tight supply of prompt oxide powder in Busan saw sales at $7.50/lb, although market participants noted that this was trade activity, while end-user purchases in China were at $7.35/lb.