Molybdenum Futures Temporarily Remain Stable,The Recent Domestic Molybdenum Products Market Continues to Remain Calm
- Details
- Category: Molybdenum's News
- Published on 23 May 2014
- Written by Cloudy
- Hits: 540
May 23 LME molybdenum futures quotes temporarily stable. March molybdenum price $ 30,500 / 31,500 / ton ; 15 -month molybdenum Quote 31215 ( down 5 ) / 32215 ( down 5 ) U.S. dollars / ton , LME positions of molybdenum 60 hands. Macro Information : RMB central parity went 8 -month low this year, the cumulative depreciation of 11.94% ; Commerce Department : Infrastructure to China - a new highlight cooperation in Central and Eastern Europe ; UK first quarter GDP growth of 0.8%.
Recently, the domestic market remained calm molybdenum products , the poor performance of downstream demand , prudent buyers and sellers operate , brokers wary of speculative psychological strengthening , higher risk aversion inside participants . Fundamentals still no great news , excellent steel prices remain low consolidation ; stainless steel reproduction pull up trend. However , the downstream market as a whole is still in a bad condition , some related steel products prices are still downward trend. This long-running molybdenum products or adversely affect the market . Trading atmosphere lighter , larger businesses divergent views on the outlook . With the end of molybdenum steel products bidding starts, the atmosphere inside or driven by demand , but also the guidelines for the venue market trend . Thus , many participants insist on the sidelines . Although some of the products traded price is slightly loose, but quoted the situation is relatively stable. Molybdenum market is still expected to stabilize short-term oriented , supplemented by small fluctuations .
Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email:
This email address is being protected from spambots. You need JavaScript enabled to view it.
Tungsten & Molybdenum Information Bank: http://i.chinatungsten.com
Tungsten News & Tungsten Prices, 3G Version: http://3g.chinatungsten.com
Molybdenum News & Molybdenum Price: http://news.molybdenum.com.cn
sales@chinatungsten.com