Molybdenum News Center

How Shanghai will promote mixed-ownership reform state-owned enterprises, how to determine the proportion of state-owned shares, is one of the priorities of the industry. July 7 afternoon, the Shanghai Conference held to promote the reform of state-owned assets, announced the "Opinions on Promoting the city's state-owned enterprises to actively develop the mixed ownership economy"; Fed recently published data show that as of July 2, the week, the Fed's assets balance sheet rose € 8.7 billion the previous week, to $ 4.377 trillion; European central Bank (ECB) Executive Committee Kohl Monday (July 7th) said in a speech, the European Central Bank interest rates will be kept at a level close to zero, the central bank needs time to assess the impact of the measures in June. Cole noted that the current downturn in economic growth in the euro zone, but there are also likely accelerate economic growth. 
 

Because of molybdenum and molybdenum prices stumble endlessly, as well as international molybdenum prices have affected the export volume fell down, molybdenum chemical products orders shrink again, spot prices also showed weaker trend. With the market down again hit new lows of molybdenum, 1300 yuan / ton mark fiasco, molybdenum prices are bottoming sensitive period in the off-season in the bottom bottoming slow pace and accompanied by shrinkage operation. From both the northeast and Jiangxi learned some manufacturers because of a shortage of funds, the initiative to lower spot price,36-40% molybdenum concentrate occasional 1280-1290 yuan / ton level of cash transactions occur, yet not represent the mainstream market, causing the industry to market Price locked in rethinking. Line molybdenum mining enterprises should also lowered the price trend, but still relatively high, no amplification spot trading volume buyers cautious, intent to cover short positions exist, the number is expected to dip to cover positions within the next period of time or to increase. 
 

Expected: ferro molybdenum, domestic investors will show the pattern of shock consolidation is expected in August 2014 the molybdenum market trends in the smooth running of the show, there is no up or down breakthroughs are possible.

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