European Ferromolybdenum and Molybdenum Oxide Prices Remain Weak
Movement in the European ferromolybdenum 65%min spot market has been nonexistent so far this week with prices on the edge between USD34.40-35.00kg Mo in warehouse Rotterdam on Tuesday.
China Ammonium Molybdate Market On Jun. 18
China ammonium molybdenum market generally remains slow currently as the demand from downstream consumers keeps inactive.
Indian Molybdenum Dealers Cautiously Optimistic
Indian molybdenum dealers are reported to be taking cautious approach to new imports, for with no signs of improved demand for ferromolybdenum from end-users, toll-traders and converters worry less about uncertainty in Rupee exchange market but
European Molybdenum And Ferromolybdenum Prices Edge Up Slightly
European molybdenum prices edged up on Tuesday as slightly improved levels of buying activity both in the inter-trade and consumer markets triggered some traders and producers into quoting higher numbers for prompt release material.
Ferromolybdenum Market In China
As some steel mills released their purchasing price of ferromolybdenum and the concluded price is about RMB2,000t USD0.56kg Mo lower than that of last time, participants believe that ferromolybdenum price will go down further in the coming weeks because of the sluggish stainless steel market situation at present.
South Korean Molybdenum Market Quiet
According to participants, South Korean molybdenum market has remained quiet post POSCO-conducted ferromolybdenum 60%min tender last week for 100t in which the cargo delivery is scheduled for January 20 and final deal price ended in the range of USD24.45-24.50kg Mo d.d.p.
Indian Molybdenum Market News
Indian molybdenum market is reportedly quiet in activity despite increase in ferromolybdenum 60%min quotations by converters by INR10-20/kg to INR960-980/kg (USD25.80-26.34/kg Mo) and as molyoxide dealers are upbeat of more enquiries from converters by early January.
Look Beyond 2013 for Moly Market Recovery, Analysts Say
Further confirmation that molybdenum prices likely will not recover until after the end of 2013 was recently provided by analysts interviewed by Metal-Stephan Ioannou, an analyst at Haywood Securities, told the publication that lack of steel demand from China continues to dampen the molybdenum market. “In terms of moly price strengthening, it’s hard to anticipate. At the very earliest it will be late this year, but probably it’s a 2014 to 2015 story,” he explained.
China Molybdenum Concertrate Prices Up As Steel Mills Restock
China molybdenum concentrate prices have been in upward momentum so far this week, following the gains in ferro-molybdenum prices on robust demand.
The spot price of molybdenum concentrate 45% metal content stands at 1,430-1,440 yuan ($232-234) per mtu, up 10 yuan from last Friday. Most major stainless
Eurasian Economic Commission reduces the import duty of molyoxide
Interfax, 18th December from Moscow : Trade Minister of Eurasian Economic Community said Eurasian Economic Commission passed a resolution reducing the molyoxide and the hydroxides' import tariffs from 5% to zero . This measure makes ferro-molybdenum plant to reduce the import of products containing of molybdenum raw material costs, at the same time, improves the competitiveness of molybdenum alloy products, and increases the quality of the field of high technology products.
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