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.
In general, business remains very slow, market participants said.
"All the trade has gone," said one European trader. "Bids are in the low $7s, sellers are at $7.15-$7.20, even $7.25, and both sides don't want to move."
The Platts daily dealer oxide assessment rose to $7.05-$7.25/lb from $7.00-$7.20/lb previously. On Tuesday limited spot sales were reported in the range of $7.10-$7.20/lb, Rotterdam basis.
The Platts daily European ferromolybdenum assessment was unchanged at $17.80-$18.20/kg.
