Molybdenum News Center

Molybdenum Futures Price Remained Stable,Slowing Domestic Market Turnover of Molybdenum Products

May 21 LME molybdenum futures quotes temporarily stable. March molybdenum price $ 30,500 / 31,500 / ton ; 15 -month molybdenum offer $ 31220 / 32220 / tonne , LME positions of molybdenum 60 hands. Macro information : first 80 projects to encourage private capital to participate , frequent movement of mixed ownership ; ten pilot provinces also spontaneous local debt , the size of the material more than 150 billion ; steady growth and then out of the New Deal , to accelerate the construction of water conservancy projects .

External markets: Europe recently molybdenum commodity prices continue to trend downward adjustment , but market fundamentals have not changed much happened , downstream demand still strong cash resources to continue tight molybdenum products . Bulk part of the business transaction price is still high, difficult to purchase low-cost raw materials . Market outlook is unknown, many participants operating hesitant , so keep watching stand. In the case of supply and demand has not changed greatly expected external market weakness or quickly reversed .

Internal Market : Domestic market turnover of molybdenum slow, but cheap deal has not been enlarged . Miner little more pressure on the stock , foreign stay on the sidelines based, large-scale mining enterprises quote still strong, despite high turnover difficult, and no downstream market signs . End of ferro-molybdenum steel products for the tender has not yet commenced , coupled with fewer potential market demand , manufacturers are busy to complete the pre-orders , making the market is relatively calm. Part of the cargo hold businesses stronger risk aversion , there is a partial reduction of foreign quote signs . Given the limited space around the market upturn , the venue market outlook is expected to dare too optimistic. Other molybdenum products market is also more quiet , high business costs, and shipping conditions not ideal or expected short-term molybdenum market continued maintenance of stability .


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