Molybdenum News Center

1. Molybdenum raw material market 

The surrounding atmosphere than the deserted market demand, making the price of molybdenum bearing heavier. Part of the funding pressures faced by low-priced goods to go outside participants, with more severe downstream buyers lower prices, product prices fell frequently. In addition, due to the molybdenum and iron products market also performed poorly, coupled with the impact of the environmental aspects of manufacturers, molybdenum demand to further reduce the existing buyers and more demand procurement; dealers to maintain the sidelines, the market operate more cautious. Molybdenum prices continue to dip, willingness to temporarily high downstream businesses to cover short positions. 

 

2. Ferro molybdenum market 

This week many mills have completed the tender program molybdenum iron products, steel mills and other parts of the tender seems to be delayed. Also, the tender price is also showing signs of decline in homeopathy. By the cooling of the overall market impact, the steel city on the upper reaches of the other products on the market to suppress heavier. In addition, raw material prices have continued to fall, making ferro molybdenum market lose support. Foreign manufacturers take the goods difficult, so strong willingness to realize low-cost shipping. Part of the funding pressures faced by manufacturers and traders, foreign quoted frequently fell, and the actual transaction price levels also remain low, directly pulled mainstream market prices. Up to now, molybdenum iron spot market should trend down, but cheap sell mentality is rising, the actual transaction price is still none other space. Steel City plight still more, increase the risk of capital chain, also limits the recent trading of ferro molybdenum. In short, the recent volatility in ferro molybdenum market adjustment phase. 

 

3. Other Products 

The recent market prices of primary molybdenum appear low frustration of the situation, the situation changed and the industry deserted, product price volatility down, keep watching more participants, venue deserted atmosphere increase, which also makes other products on the market resonance. Due to decline in raw material costs, partially loose this week, molybdenum chemical market, but little change in end demand, the market has not yet appeared sharply phenomenon. Molybdenum products manufacturers new orders slowed, price fluctuations in raw material costs to its influence is weak, short-term maintenance of stability is still running. Waste molybdenum market, due to poor downstream steel scrap and other products on the market for molybdenum demand, brokers profit more difficult, and therefore wishes traded lower. Although some businesses want to waste shipped outside cash, but recyclers lower bid, difficult deal.

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