[Ferro-Alloys.com]The Platts daily dealer molybdenum oxide assessment edged higher Wednesday in thin summer trade as a spot oxide powder sale was concluded at $7.25/lb in-warehouse Rotterdam.

[Ferro-Alloys.com]During the summer vacations, European deals were slim, resulting in moly oxide transaction as low as USD6-6.15/lbMo. After a temporal rise, stirred by purchase of China’s State Reserve Bureau, moly oxide market turned to stabilize.

[Ferro-Alloys.com]Overseas moly oxide transacted at USD8/lbMo, but deals were slim. As European steel industry was depressed, mills only purchased required volumes on orders.

[Ferro-Alloys.com]European moly oxide price surged to USD-/lbMo, driven by strong demand. Downstream steel industry showed healthy signs, which elevated moly materials demand. By contrast, European moly supply was quite tight, as many participants, including c...

[Ferro-Alloys.com]European moly oxide price bounced up to USD-/lbMo compared with USD-/lbMo last Friday. Some European steel mills entered the market to buy raw materials this week, so the deals would be more adequate.

[Ferro-Alloys.com]European moly oxide transacted at USD-/lbMo, and it took temporal slip. Formerly, moly oxide price retreated to USD-/lbMo, from USD-/lbMo, and then it moved up to USD-/lbMo rapidly from USD-/lbMo. Current USD-/lbMo level makes consumers diffi...

[Ferro-Alloys.com]European moly oxide price surged to USD-/lbMo, as sellers were unwilling to sell materials. A Sichuan moly oxide exporter offered USD-/lbMo for moly oxide, and transacted small volumes in Asian market.

[Ferro-Alloys.com]During the May 1st holidays, overseas moly market was relatively quiet, now deals have resumed.