Spot moly oxide starts week slowly on subdued buying

摘要

The molybdenum oxide market got off to a slow start to the week Monday, with spot buying interest remaining subdued. Spot moly oxide powder activity was quiet during Asian trading hours Monday as market participants waited for direction from the European market, with some play-ers continuing to sit on the sidelines. But European action was also thin as a brief rally in the euro against the dollar following the Spanish bank bailout deal at the weekend failed to dispel generally negative recent sentiment.