Moly oxide prices in Asia edged down 10 ncents/lb week on week due to lackluster ndemand from spot buyers in Europe, who nare staying away from the market due to nbearish sentiment. Platts assessed FOB nprices for 57% moly oxide at $13.10-n13.30/lb Thursday, down 10 cents/lb from n$13.20-13.40/lb a week ago. A major moly noxide producer in Liaoning province said nit sold a 20 mt cargo of Western grade n57% moly oxide (in warehouse Tianjin) to nan Indian buyer at $13.30/lb last Friday, nwith terms of agreement on telegraphic ntransfer upon receipt of cargo.
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