Power Molybdenum Futures Quotes March 15-Month Period And Have A Larger Margin Improvement,Still No Shortage of Molybdenum Product Prices Upward
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- Category: Molybdenum's News
- Published on 26 May 2014
- Written by Cloudy
- Hits: 631
May 23 LME molybdenum futures quotes March 15 -month period and have suffered greatly improved margin. March molybdenum Quote 31000 ( up 500 ) / 32000 ( up 500 ) dollars / ton ; 15 -month molybdenum Quote 31715 ( up 500 ) / 32,715 ( up 500 ) dollars / ton , LME positions of molybdenum 60 hands. Macro Information : HSBC China May PMI hit a five-month high , new orders rose to above 50 ; Sichuan province billion investment in water conservancy construction , Sichuan enterprises or will usher in opportunity ; RMB exchange rate depreciation for the year to increase over 3%.
External market : due to external market fundamentals still strong , still no shortage of molybdenum product prices upward momentum . Although commodity prices early in the European part of molybdenum highs, but soon appeared at the bottom of a rebound situation. Shelf due to demand and did not appear to change the price outlook is how to run the business generates ambivalence . Some businesses said that the recent slight decrease in demand , so the risk of high-priced shipments are increasing, market outlook, business differences will continue to exist .
Internal Market : Current mainstream molybdenum products market stability maintenance, although part of last week's market turnover slowed , and the actual transaction price level somewhat loose , but some participants in the market outlook is still sent to certain expectations. First, the external molybdenum commodity prices continue to firm , both inside and outside the spread widening, so that the internal molybdenum commodity prices failed to reflect the true value , so businesses are willing to hope rose high . Secondly , the end mill tender upcoming admission , there are still driven by the needs of the venue may be , many manufacturers hold stocks of ferro molybdenum wait and see, wait for the post- demand approach . Finally , molybdenum , molybdenum iron , molybdenum and other products available from stock in a low , low price of foreign manufacturers reluctant to sell , supply cheap difficult to continue downstream and upstream market outlook is still considered possible . Affected the primary market , the other molybdenum products market is also generally calm . Expected short-term or temporary stability molybdenum market , businesses bullish and bearish mentality intertwined.
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