Molybdenum News Center

Molybdenum concentrate market: External molybdenum products market turnaround, resulting in a positive impact on domestic business mentality. Coupled with operating pressures facing businesses large existing molybdenum concentrate, difficulty falling production costs, foreign cheap reluctant to sell enhanced positive psychological advent of the information to mobilize the business very city. Recently, low-cost supply of hard to find the venue, product prices stabilized signs of stability maintenance, many mining companies adhere to the current level, some businesses prefer shipments even slightly adjust product pricing. Today, more than 40% of conventional grade molybdenum concentrate mainstream price 1300-1330 yuan / ton level; 47% more high-grade molybdenum concentrate quotes and in 1330-1370 yuan / ton level. There are businesses revealed that outside help boost, the venue more participants attempt to maintain the status quo, the market is bound to continue deserted and pressure all parties again under the influence of a more serious product prices, unfavorable overall market operation. In addition, the relative increase in downstream inquiry, buyers bargain hunters motivation to improve, some mining companies to ship the situation is slightly better, and funding situation eased. However, the latter is still high turnover or difficulties, participants hold stocks wait and see. 

 

Ferro molybdenum market: raw material prices temporarily stabilized, with the release of positive signals around the rest of the market, while maintaining the stability of ferro molybdenum market forces support. Currently venue inquiry relative increase in bulk transaction in good condition, while still maintaining the original level of the actual transaction price, not a continuation of the downward trend continues. Molybdenum iron manufacturers generally reluctant sellers, manufacturers offer even lower pre-callback to the mainstream market prices. According to manufacturers offer situation, the venue 60 cash price of ferro molybdenum products in 9.1-9.3 yuan / ton; acceptance rates continue to remain at 9.4-9.6 yuan / ton nearby. A factory, said many manufacturers are now external offer still stick 9.2-9.5 yuan / ton (cash - acceptance), the spot price decline slowed, speculators admission inquiry slight recovery, but has not yet appeared focused steel operations signs, the post-market trend will be a favorable factor for the lack of substantial support. The existing situation in the steel market remains weak stability, no fundamental improvement in the trend, so the ferro molybdenum market outlook will remain under considerable pressure, at least temporarily have the power to rebound. In the case of the terminal market no major changes are expected ferro molybdenum market will continue to remain weak pattern.

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