Tokyo (Platts)--8Feb2013/529 am EST/1029 GMT
Spot buying interest for molybdenum oxide powder picked up Friday in Asia, after deals were reported in Europe at $11.20-11.30/lb in-warehouse earlier in the week, market sources said. A spot deal was reported Friday at $11.30/lb CIF Busan for 20 mt or more of oxide powder, lower than the $11.45/lb CIF Busan deal earlier in the week. A Japanese trader said buying inquiries from India, South Korea and other Asian countries increased after market participants heard about the trades in Europe. "Maybe [global] prices are at a bottom," said one Chinese trader. Article continues below...Metals Daily now available on Platts Market CenterPlatts Metals Daily is now available for subscribers on Platts Market Center, an interactive website featuring Platts news, market commentaries, proprietary price assessments and archived content, as well as the daily PDF. PMC will also make available several key US benchmark assessments to subscribers earlier in the US day than with the current PDF-only delivery mode. PMC also includes archived proprietary prices and a custom graphing feature. PMC offers a mobile version viewable on PDAs and smart phones. For further information on registration, please contact Customer Care: support@platts.com
Spot buying interest for molybdenum oxide powder picked up Friday in Asia, after deals were reported in Europe at $11.20-11.30/lb in-warehouse earlier in the week, market sources said. A spot deal was reported Friday at $11.30/lb CIF Busan for 20 mt or more of oxide powder, lower than the $11.45/lb CIF Busan deal earlier in the week. A Japanese trader said buying inquiries from India, South Korea and other Asian countries increased after market participants heard about the trades in Europe. "Maybe [global] prices are at a bottom," said one Chinese trader.
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Platts Metals Daily is now available for subscribers on Platts Market Center, an interactive website featuring Platts news, market commentaries, proprietary price assessments and archived content, as well as the daily PDF. PMC will also make available several key US benchmark assessments to subscribers earlier in the US day than with the current PDF-only delivery mode. PMC also includes archived proprietary prices and a custom graphing feature. PMC offers a mobile version viewable on PDAs and smart phones. For further information on registration, please contact Customer Care: support@platts.com
Most Asian suppliers were offering at $11.40-11.60/lb CIF main port Asia or not offering at all, with the latter due to higher price expectations and some participants being away from the market due to the upcoming Lunar New Year holidays which start February 10. The Platts moly oxide daily dealer price closed at $11.20-11.40/lb Thursday, compared with $11.30-11.45/lb Wednesday, after deals were reported at $11.20-11.25/lb in-warehouse Rotterdam. --Mayumi Watanabe, mayumi_watanabe@platts.com--Edited by Deepa Vijiyasingam, deepa_vijiyasingam@platts.com
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