Platts reported that spot buying interest for molybdenum oxide gained momentum of Friday in Asia, on the heels of news regarding European deals.

As quoted in the market report:

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.

To view the whole Platts report, click here.