Molybdenum oxide price edges up; alloy stable amid slow trading

The molybdenum oxide market has risen in Europe amid signs of higher offer prices in Asia, although overall European trading has been quiet due to a metals industry event in London, sources told Fastmarkets MB on Wednesday October 10.

The oxide market has seen offer prices as high as $12.20 per lb in Busan, South Korea, which is expected to boost prices in Europe when European dealers return in full in the coming days. European trading has been quietened due to many dealers attending London Metal Exchange Week which started on Monday in London.
And while Chinese traders have returned in full this week after a recent national holiday, the LME event has affected Asian business levels as well.

Fastmarkets MB assessed the price of European...

Published

Declan Conway

October 10, 2018

17:28 GMT

Galway