Molybdenum News Center

Macro Information: purchase 46 cities nationwide deregulation rate of nearly 60 percent of the property market downturn has not changed; National Bureau of Statistics: Industrial profits in the first half increased by 11.4%; UK GDP growth in the second quarter over the first pre-crisis levels. 

Externally, the current external molybdenum commodity prices began to fall, primarily due to lower steel production in summer overhaul. Due to reduced market purchases, product prices lost support, participants felt that investors still continue down the space. Steel cut closed, the market will remain quiet venue, there is likely to continue into the middle of next month. However, with the advent of autumn demand season, the European molybdenum market is still good or favorable performance, the business mentality is better, higher bullish expectations. Internally: With the weakening purchasing and storage and other positive factors supporting force, the domestic prices shot blocked molybdenum products, the relative reduction in the number of transactions, the participants maintained more than watching. Taking into account the cost of production is difficult to drop, coupled with environmental pressure, low production cost manufacturers willingness to take the goods. Downstream buyers caution, demand procurement more, buying enthusiasm. Trading bias stalemate, enhance the level of difficulty turnover, it is difficult to enlarge the number of trading. Expects short-term molybdenum market or remain stable. 

 

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