Chinese Moly Concentrate Prices Take a Fall
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- Category: Molybdenum's News
- Published on 30 June 2014
- Written by Elva
- Hits: 524
China’s molybdenum concentrate prices fell this week amid rising mid-year liquidity pressure and low purchasing prices by local steel mills.
On Wednesday June 25, molybdenum concentrate of 45% content was trading at 1,320-1,350 yuan ($214-219) per tonne, compared with 1,320-1,380 yuan per tonne last week. "Everyone is in a tight liquidity situation right now," an analyst said. June is usually when companies settle half-year loans by local banks.
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