A lack of activity in the molybdenum market took its toll on prices as sellers said they were receiving little interest.
Sellers said they had not received any inquiries during the day and felt the market had turned very quiet since last week.
"It's not difficult to find material if you need it," a European trader said. "There are more sellers compared to buyers."
Offers were heard in Europe at $8.30/lb but market participants said sellers were biddable. "It's a whole lot of nothing today," a second European trader said.
In Asia, a trader said there were no inquiries and would consider selling at $8.30/lb if he could find a buyer.
S&P Global Platts daily dealer oxide assessment stood at $8.30-$8.35/lb Tuesday from $8.30-$8.45/lb Monday.
Platts daily European ferromolybdenum assessment was also lower Tuesday at $20.50-$20.80/kg from $20.50-$20.90/kg Monday.
Ferromolybdenum offers were heard at $20.80/kg and higher but there were doubts that sales could be concluded at this level.
Others said they were having offers rejected at $20.60/kg as there was no demand from mills or traders.
