Molybdenum News Center

July 9 LME molybdenum futures quotes March 15 month period and have some down. March molybdenum Quote 27500 (down 500) / 28500 (down 500) dollars / ton; 15-month molybdenum Quote 28235 (down 500) / 29235 (down 500) dollars / ton, LME positions of molybdenum 84 4 hands down. Macro Information: government debt levels over 20.69 trillion, to be legal for the routine audit content; Russia says may soon sign a currency swap agreement with China; IMF lowered global economic growth is expected to imply. 

 

Europe recently molybdenum commodity prices rebound, there are signs of a slight rise. However, post-market trend remains unclear, businesses can not easily optimistic, remain relatively cautious. European molybdenum market has appeared to stabilize the signal, the enthusiasm of the participants operate slightly higher than before. During the low season, prices remain under pressure, despite efforts to push up the business, but not yet play a significant role in the maintenance of stability in the short term or dominated. 

 

Internal market: mid-month, mainly molybdenum steel products basically completed the tender, the molybdenum market prices are expected to remain quiet. Less favorable factors around, and the price decline has not ended, investors can not easily enter the market operation. However, products such as molybdenum concentrate prices gradually close to the bottom, holding the goods will significantly reduce the risk, some participants or waiting in the wings. Due to the cost of support is weak, low-cost foreign manufacturers are more reluctant to sell, resulting in fewer trading venue quantity of molybdenum products, trading in a relatively deadlocked situation. Industry season a greater impact on the business operation of the main rational market trend, although there are differences of views on the market outlook, but did not change the existing market trend. Molybdenum iron manufacturers offer cautious, continued to fall in product prices has little margin, while brokers have begun exploratory inquiry. In addition, molybdenum and molybdenum chemical products manufacturers follow the market, trading conditions did not change significantly. Currently, the price lows of lack of motivation, or expected short-term bottoming consolidation.

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