Molybdenum oxide softens,limited upside seen for 2016

摘要

Molybdenum oxide prices edgedlower again Wednesday against a backdrop ofcontinued slack demand."There's nothing going on," said one Europeantrader. "Bids are too low, offers are too high, sowhat do you do?" In Asia, South Korean marketplayers were looking to buy oxide at $4.50/lb, "butthe offers are at least 10 cents higher," he said.A second trader reported selling a 20 mtlot in Busan at $4.65/lb and said he was able tobuy a similar tonnage at $4.55.