London (Platts)--22Feb2013/343 pm EST/2043 GMT

Platts daily molybdenum oxide prices on Friday were unchanged from Thursday at $11.20-11.25/lb as sources continued to report little activity in the market.

One Europe-based trader said he sold a truckload of briquettes into Italy at $11.40/lb but he was seeing no interest in powder and that prices were still at the $11.20-25 range.

"I'm hearing more inquiries on ferromolybdenum where there is a little interest compared to nothing on powder," a second trader said.

Article continues below...

Sign up to Metals Daily
	Platts Metals Daily offers prices, news and analysis for the aluminum, copper and molybdenum value chains. It contains hundreds of metals prices across base, minor, light and precious metals assessed by editors globally. This detailed report will help you monitor global events and quickly spot opportunities or potential pitfalls as well as bring you aluminum and copper price and news coverage. Daily prices and news for molybdenum are also covered to deliver critical insights.

He said he had heard $27.40/kg as the lowest number, but had not been offered at this price but was seeing $27.70-27.80/kg.

A third trader agreed that oxide was not moving, but said ferromolybdenum had moved from its mid-week lows to $27.70/kg.

But he said it is "unclear how much business was done at the low levels and now offers are back up. But really there's nothing behind it."

Traded volumes over the week stood at 120 mt, 40 mt in Europe and 80 mt in South Korea.

--Jitendra Gill, jitendra_Gill@platts.com
--Edited by Jeff Barber, jeff_barber@platts.com

Tweet