Molybdenum News Center

External markets: European ferro-molybdenum prices slightly raised, plus molybdenum products market before the release of stabilized stabilized signal, negative market sentiment eased. In addition, some products prices rose slightly, the participants were closed for the summer before the divergence of views on the market increases. Some businesses short positions sidelines, waiting for the off-season re-enter the market after the operation. Post-market trend is unknown, businesses maintain the sidelines, reluctant to sell meaning strong, so hard to find low-cost supply. Business mentality ease, but failed to display the fundamentals of the market rally, so concentrated watching atmosphere. 

 

Internal market: recent positive signals around the market, combined with the existing domestic molybdenum prices have fallen to a lower level product, the participants in the maintenance of stability of mind enhanced concern for the health of the market outlook further improved. European markets stabilized stabilized molybdenum products, molybdenum limited domestic goods prices downward margin, some speculators to cover short positions will increase, so have admission inquiry, so that the weekend market activity improved. Early pessimism heavier businesses, temporarily maintain the sidelines, other parts of the miners even tempted uplifting quotes, so cheap weekend procurement difficulties. Striving molybdenum prices have signs, manufacturers continued to fall in product pricing is not foreign reluctant to sell cheap sentiment is getting stronger. Chemical and molybdenum deep processing products remained stable before the line, but trading volatility is not the case. Expected in the short term to stabilize the main molybdenum City or late strike is unknown, many businesses wait and see. 

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