After  holding  steady  for  the  previous  two  days,  molybdenum  oxide prices moved lower 

Thursday, mainly on sales in Asia. 

Spot lots of oxide powder were reported sold in Busan at $12.65/lb, $12.70/lb and $12.75/lb, 

with one seller saying they rejected bids at $12.60. 

"We tried to sell in Asia at $12.75 and $12.80, but nobody wanted it," said a European trader. 

A second trader said he had been "hesitant" to accept a bid at $12.75/lb early in the day, but 

that the price had started to look better as the day progressed. 

In a generally quiet European market, however, a third trader said he had still been able to 

achieve $12.85/lb in-warehouse Rotterdam. 

The Platts daily dealer molybdenum oxide assessment fell to $12.65-$12.85/lb from $12.80-

$12.90/lb  previously, while the daily European ferromolybdenum assessment was down to 

$30.60-$30.80/kg from $30.80-$30.95/kg. 

Sales were reported at either end of the range, with smaller-tonnage lots booked at the highe

r end.