Price indications for molybdenumoxide varied across a wide range on April 3as the European market returned from theEaster holiday break, but the underlyingtrend was lower.Prices were “all over the place,” said onetrader in Asia, citing rumors of oxidebusiness concluded in Asia at $12.45/lbagainst a background of Chinese destocking,but adding that the lowest offer he couldfind was at $12.55/lb.
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