Some oxide trading, however, has been in South Korea where major steelmaker Posco settled a tender for around 100 tonnes of oxide last week at about $12-12.10 per lb. The company is due to settle another tender for longer-term delivery of oxide and alloy through 2019 in the next few days, which may influence European trading, sources said.
Fastmarkets assessed the price of European drummed molybdic oxide, in-warehouse Rotterdam
, at $12-12.10 per lb on November 28, up 20 cents since Friday.
Only 20 tonnes of oxide...