South American molybdenum oxide prices down
2024-03-22 10:20:56 [Print]
BEIJING (Asian Metal) 22 Mar 24 - In order to promote sales, South American molybdenum oxide 57%min suppliers lowered their prices in the past week. Currently, the mainstream prices of South American molybdenum oxide 57%min stand at USD19.5-20.0/lb Mo FOB Chile, down by USD0.2/lb Mo from early last week. As most consumers remain inactive in sending inquiries, insiders believe that the mainstream prices of South American molybdenum oxide 57%min would decrease further in the coming week.
"We quote USD19.8/lb Mo FOB Chile for molybdenum oxide 57%min and could accept USD19.6/lb Mo if clients could purchase no less than 10t at the moment, while we offered USD20.0/lb Mo and could consider USD19.8/lb Mo for the same quantity early last week", said a trader in South America, who plans to lower their prices to promote sales. They received no inquiry after they last sold around 10t at around USD19.8/lb Mo in early March. As most consumers remain inactive in sending inquiries, the trader has no confidence in the market next week and expects that the mainstream prices of South American molybdenum oxide 57%min would decrease by around USD0.2/lb Mo in the coming week.
With a monthly trading volume of 10t, the trader expects to sell around 10t this month, similar to last month. They sold around 100t in 2023 and almost 20t so far in 2024. They have around 5t of stocks now, unchanged MoM.
Another trader in South America noted that they offered USD19.7/lb Mo FOB Chile for molybdenum oxide 57%min and could consider USD19.5/lb Mo if the clients could purchase no less than 20t today, while they quoted USD20.0/lb Mo and could consider USD19.7/lb Mo for the same quantity early last week. "We received two inquiries last week, while we received only one inquiry in total this week", said the trader, who last sold around 20t to a regular client at about USD19.7/lb Mo early last week. Discouraged by soft demand from most consumers, the trader plans to lower their price by around USD0.2/lb Mo next week and expects that the mainstream prices of South American molybdenum oxide 57%min would decrease by around USD0.5/lb Mo in the coming week.
With a monthly trading volume of 20t, they expect to sell around 20t this month, similar to last month. They sold almost 220t in 2023 and around 40t so far in 2024. They hold around 10t of stocks now, up by 10t MoM.
"We quote USD19.8/lb Mo FOB Chile for molybdenum oxide 57%min and could accept USD19.6/lb Mo if clients could purchase no less than 10t at the moment, while we offered USD20.0/lb Mo and could consider USD19.8/lb Mo for the same quantity early last week", said a trader in South America, who plans to lower their prices to promote sales. They received no inquiry after they last sold around 10t at around USD19.8/lb Mo in early March. As most consumers remain inactive in sending inquiries, the trader has no confidence in the market next week and expects that the mainstream prices of South American molybdenum oxide 57%min would decrease by around USD0.2/lb Mo in the coming week.
With a monthly trading volume of 10t, the trader expects to sell around 10t this month, similar to last month. They sold around 100t in 2023 and almost 20t so far in 2024. They have around 5t of stocks now, unchanged MoM.
Another trader in South America noted that they offered USD19.7/lb Mo FOB Chile for molybdenum oxide 57%min and could consider USD19.5/lb Mo if the clients could purchase no less than 20t today, while they quoted USD20.0/lb Mo and could consider USD19.7/lb Mo for the same quantity early last week. "We received two inquiries last week, while we received only one inquiry in total this week", said the trader, who last sold around 20t to a regular client at about USD19.7/lb Mo early last week. Discouraged by soft demand from most consumers, the trader plans to lower their price by around USD0.2/lb Mo next week and expects that the mainstream prices of South American molybdenum oxide 57%min would decrease by around USD0.5/lb Mo in the coming week.
With a monthly trading volume of 20t, they expect to sell around 20t this month, similar to last month. They sold almost 220t in 2023 and around 40t so far in 2024. They hold around 10t of stocks now, up by 10t MoM.
