Platts reported that despite thin trading in the Asian markets over the holidays, sentiment in the spot molybdenum oxide market was positive.

As quoted in the market report:

One South Korean moly oxide buyer said his price idea was $11.80/lb CIF Busan while a supplier wanted to sell at $12/lb or more. Platts daily moly oxide dealer price has been at $11.50-11.70/lb since December 27.

To view the whole Platts report, click here.