July 22 morning molybdenum market guidance

Macro Information: fiscal policy will tend to positive, monetary policy must be reduced financing costs; Ministry of Housing to promote urban infrastructure, road construction brewing trillion gold; China's fund industry will relax foreign ownership restrictions. 
 
Recently, environmental protection and other areas in Henan thorough investigation so difficult molybdenum factory operating rate, existing businesses can supply scarce, resulting in the downstream business procurement difficulties, many downstream manufacturers can select purchases molybdenum concentrate for processing. Coupled with high production costs and low market price level stimulation, participants will increase very city. Manufacturers more optimistic about the market outlook is expected to strong emotions reluctant to sell strong, low-cost supply of hard to find. Although still in the off-season, but faces internal and external positive factors to boost and change the current supply and demand patterns, molybdenum commodity market upward momentum increased. Molybdenum concentrate market steadily forward, molybdenum iron manufacturers offer steadily. Despite the high turnover is not much, but the actual transaction price has increased over the prior level. In addition, some of ferro-molybdenum steel products for the tender price increases, effectively support the businesses cautiously optimistic on the outlook of psychology. Expects short-term molybdenum market or shock upstream adjustment based. 

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