LME Molybdenum Futures Quotes Temporarily Remain Stable,Poor Downstream Demand Conditions for Molybdenum Products
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- Category: Molybdenum's News
- Published on 29 May 2014
- Written by Cloudy
- Hits: 763
May 28 LME molybdenum futures quotes temporarily stable. March molybdenum quoted $ 31,000 / 32,000 / ton ; 15 -month molybdenum price $ 31,705 / 32705 / tonne , LME positions of molybdenum 60 hands. Macro Information : four rows of new loans in May to drop nearly forty percent ; Development and Reform - Northeast Economic Commission brewing rejuvenated support measures ; Development and Reform Commission - Commission brewing a traffic investment funds , the total will reach one hundred billion .
External market : the market due to higher procurement activity , on Wednesday the European ferro-molybdenum prices rose 4 %. Market fundamentals continue to remain stable, while the downstream market demand for steel products is also strong molybdenum , molybdenum and effectively support the European market in the city run . Manufacturers more inquiry , intends to increase production. However , late in many European holiday is approaching , which means market activity will reduce , some investors cautious psychological strengthening of prices to remain on the sidelines.
Internal Market : External market is still in a strong pull up the stage, and the internal market to improve slightly weak. Downstream demand for molybdenum products in poor condition , resulting in actual trading data no obvious venue change . The impact and cost of support by the existing inventory low , many manufacturers reluctant sellers of foreign sentiment still exists. Late strike remains unclear, many participants on the sidelines. Because part of the business very price , it quotes Pian Jiang ; while other manufacturers search for stability is strong, according to a single production -based. Bidding steel market trend could drive , need to continue to observe . Outlook more uncertain factors , expected short-term molybdenum market or mainstream steady.
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