Molybdenum News Center

July 10 LME molybdenum futures quotes fluctuate marginally. March molybdenum offer $ 27500/28500 / t; 15-month molybdenum Quote 28225 (-10) / 29,225 (down 10) U.S. dollars / ton, LME positions of molybdenum 84 hands. Macro Information: import and export value in the first half 12.4 trillion, down 0.9 percent year on year; central enterprises will pilot batches of mixed ownership, the first appearance of the fastest on the 15th; Development and Reform Commission to bring the central bank to accelerate the construction of social credit system. 

 

Recently, molybdenum product prices low by external impact of the anti-inflation, domestic molybdenum market participants have to wait and see stance, foreign quote slowed down the pace. Manufacturers hold stocks until the city outside offer maintenance level, and reluctant to sell cheap sentiment worsened. Downstream manufacturers and traders enthusiasm driven by bargain hunters, and even the relatively high level of turnover phenomenon. Molybdenum concentrate and iron turnover slightly improved, increasing low-cost procurement difficult. In addition, the current market prices of primary molybdenum was close to the bottom, even though the latter market is still under pressure heavier, and the price is still difficult emergence of new breakthroughs, but hold stocks lower product prices are low amplitude and wishes. Molybdenum and molybdenum chemical products remained calm, yet by the raw shocks. Expects the market to stabilize short-term trend of molybdenum products increasingly prominent, trading stalemate continued. 

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