Molybdenum Futures Offer No Much Change,Molybdenum Market Trends in Product Prices Failed to Extend
- Details
- Category: Molybdenum's News
- Published on 21 May 2014
- Written by Cloudy
- Hits: 567
May 20 LME molybdenum futures offer no much change. March molybdenum price $ 30,500 / 31,500 / ton ; 15 -month molybdenum Quote 31220 ( up 20 ) / 32220 ( flat ) U.S. $ / tonne , LME positions of molybdenum 60 hands. Macro Information : Our 10 month issued a major policy , strengthen the economy endogenous power ; Friday welcomed third time this year in oil prices or increase, the price rises to about 60 yuan/ton ; Russia will establish a comprehensive energy partnership.
As the pre- market price of molybdenum failed to extend upward trend , businesses remain cautious wait and see attitude. Slowing the pace of downstream buyers to buy , the market demand is relatively calm. Molybdenum concentrate businesses offer still strong, because inventory levels low, the willingness of foreign shipping price is not high . Molybdenum iron manufacturers are still many possibilities to complete the pre-orders , and some manufacturers contract execution time is longer, so the price temporarily to make smaller adjustments . For there is still some inventory and are unable to take the goods merchants , currently still eager to seek potential demand . Molybdenum and molybdenum chemical products generally steady run , the market demand is weak , the cost is relatively high, so the actual poor profitability . Admission mills late tender offer price levels and quantities of steel or become the focus of attention of participants in the venue . Expected short-term molybdenum market or partial stalemate , cargo operators wait and see.
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