Molybdenum News Center

Macro Information: China's total debt to GDP ratio of 251%, close to the level of developed countries; 2013 tailings comprehensive utilization of an increase of 1.1%; European leaders threaten efforts to increase sanctions against Russia. 

The current slowdown in the domestic market rally molybdenum products, although sustained improvement in the external market trends, but the interior is still a lack of favorable factors supporting the market strong upward. More participants outside offer higher molybdenum products, and enhance the level of actual turnover slow pace. Additionally, the macro Shouchu message does not have much on the market impetus, resulting in business this attention soon fall. However, businesses reluctant to sell due to psychological support, the venue is difficult to purchase low-cost sourcing, trading bias stalemate. Quote of molybdenum high volume unamplified; molybdenum iron generally reluctant to sell low-cost manufacturers quoting prices relatively stable, the market outlook is expected to improve the situation of steel tender. Although supply and demand still there, but trading in the transaction price is difficult to reach a consensus, or the degree of post-deal stalemate deepened in favor of market stability. In addition, the market no downside risk, businesses hold stocks much pressure. Expects short-term market price of molybdenum goods or insist narrow range, the market is too hard for abnormal fluctuations. 

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