BY CONTINUING TO USE THIS SITE, YOU ARE AGREEING TO OUR USE OF COOKIES. REVIEW OUR
COOKIE NOTICE

Register with us today

and in less than 60 seconds continue your access to: Latest news headlines Analytical topics and features Commodities videos, podcast & blogs Sample market prices & data Special reports Subscriber notes & daily commodity email alerts

Already have an account?

Log in to register

Forgot Password

Please Note: Platts Market Center subscribers can only reset passwords via the Platts Market Center

Enter your Email ID below and we will send you an email with your password.


  • Email Address* Please enter email address.

If you are a premium subscriber, we are unable to send you your password for security reasons. Please contact the Client Services team.

IF you are a Platts Market Center subscriber, to reset your password go to the�Platts Market Center to reset your password.

In this list
Metals

Molybdenum pushes through $9/lb in Asia

Grains | Thermal Coal | LNG | Oil

Market Movers Asia, Sep 24-28: OPEC decision, geopolitical climate, trade war in focus at APPEC 2018

Metals | Non-Ferrous | Steel

Platts Market Data - Metals

Commodities | Metals | Non-Ferrous | Shipping | Autos & Capital Goods | Materials | Building & Construction | Transportation | Aerospace & Defense | Financial Services

Aluminum Symposium

Metals

Japanese aluminum consumers eye more scrap usage as prices fall

Molybdenum pushes through $9/lb in Asia

London — Molybdenum oxide started the week Monday with a jump in prices as marketparticipants said interest and concluded business was growing.

Not registered?

Receive daily email alerts, subscriber notes & personalize your experience.

Register Now

Sources in Asia and Europe said they had received inquiries over the dayfor oxide powder and briquettes. Sales were reported up to $9.05/lb in Busanand $9/lb in Rotterdam. Offers at the end of the day heard at $9.15/lbalthough there was no confirmation at this price level.

"Prices are coming up and the market looks healthy; lets hope it lasts,"one European trader said. Others said the price was being driven up by a lackof availability as well as restocking from mills which was supporting alonger-term trend for prices.

"People have now realized there is not enough material around," a secondEuropean trader said.

In Asia, sources said a South Korean mill tender to be concluded thisweek was driving interest.

The Platts daily dealer molybdenum oxide assessment was higher at$8.85-$9.05/lb from $8.70-$8.90/lb along with the daily Europeanferromolybdenum assessment at $21.80-$22.10/kg from $21.60-$21.90/kg.

--Jitendra Gill, jitendra.gill@spglobal.com

--Edited by Richard Rubin, richard.rubin@spglobal.com