Molybdenum prices close to bottom

Molybdenum concentrate market: industry affected by the summer season, the recent frequent internal and external molybdenum commodity prices lower. Increased negative factors venue, business operations and the market outlook is expected to have the mentality of a significant deterioration. Shrinkage of molybdenum market fell, the local transaction prices continue dropping, challenges manufacturers psychological bottom line. Participants said the market outlook is running hesitate to ship more reluctant to continue to cut prices, while downstream buyers still lower prices, and the demand is difficult to enlarge. Buyers and sellers in a stalemate, speculators venue watching, waiting waiting to cover short positions. 
 
Ferro molybdenum market: Steel City remain bottom of the shock of the situation, and no signs of improvement in the market outlook, directly affect the market price fluctuations upstream operation and other products on the market. In addition, demand for steel products off-season has been to market participants expected the poor, so wait and see who the majority. Willingness brokers also traded lower, adding to the venue quiet situation. Inquiry affected actual reduction factors, some of molybdenum iron manufacturers choose to go low-priced goods. Because raw material prices have not yet stabilized and ferro-molybdenum prices may still decline, many manufacturers have been produced by a single, try to control the stock, and thus relieve the pressure holding the goods. 
 
Recently, the domestic market was deserted molybdenum products, trading over the quiet atmosphere, the participants maintained the sidelines, reduced willingness to continue to operate. Inhibited sluggish demand, molybdenum concentrate hard to take the goods of foreign businesses, with turnover down the price level, some areas offer seems loose, continue down dip Qiuwen. However, due to the low price of foreign goods to go hard profit, except for the larger part of the financial pressure and shipping businesses continue to cash in the transaction, other manufacturers faced with the problem of lowering the cost of hard, so obviously reluctant to sell emotions, making further downward price slowdown . In addition, iron molybdenum steel products to reduce the level of bidding, coupled with the overall demand is difficult to enlarge, more manufacturers to complete existing orders and old customers to take the goods based. Other molybdenum products market was quiet, but frequently in raw material prices fell, the market is weakening its support, it would have difficulty changing market decline. Expects short-term molybdenum market prices or are still weaker.


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