Molybdenum News Center

Macro Information: deregulation and more obscure room business performance burden, property sales down 6.7%; China in the first half GDP up by 7.4%; international oil prices fell below $ 100, the short-term international oil prices are expected to remain volatile. 

 

External market: early European goods market price of molybdenum rose sharply, primarily due to the earthquake in Chile, the impact of sluggish exports, leading European suppliers of molybdenum products being blocked. 

The difference is that with the last major round of external power molybdenum commodity prices rebound from the strong demand and short supply. Although now at the stage of the European summer closed, but businesses operating enthusiasm remains high, some dealers to cover short positions willingness to high, coupled with the market outlook is expected, driven by improved demand for molybdenum products, the latter is still room for improvement. 

 

Internal Market: Recently external molybdenum products market continued to maintain a high profile upward trend, coupled with the acquisition of the State Reserve to boost internal message molybdenum market participants attention to the market in the latter part of this month has improved significantly. Although prices increased dramatically temporarily no signs appear, but to reduce the phenomenon of low-priced goods to go, refused to hold stocks of foreign cheap out. In addition, the downstream businesses of the existing market acceptance is not high, so the limited acceptance of high molybdenum products, the sale of partial stalemate. Partial correction of molybdenum prices, some mining companies reluctant to sell to maintain the sidelines, foreign willingness to reduce low-priced goods to go. Although the increase is small, but for pre-mitigation business pessimism have a positive effect. Molybdenum iron Inquiry significantly improved trading volume also improved, merchants offer temporary stability, but some manufacturers began tentatively to raise its offer. Molybdenum chemicals and products market no improvement, and waste molybdenum market is relatively quiet. Expects short-term molybdenum market or on very steady running. 

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