High turnover blocked, participants cautious
- Details
- Category: Molybdenum's News
- Published on 28 July 2014
- Written by ling
- Hits: 340
Molybdenum concentrate market: Industry season is still continuing, combined with the fundamentals can temporarily boost the prices of traditional industries no signs appear, making the steel market demand cycles for other products remain relatively weak for the state. Although relatively more tender end mills, but bidding prices temporarily support improved molybdenum product prices, so be cautious of ferro molybdenum factory operations, reducing demand for raw materials, limiting the front row of molybdenum products market. Foreign businessmen price stability, while the volume begins to shrink. There are businesses that, in spite of molybdenum concentrate gains slowed, but the intention is still much low sales. With the end of the late season trade, the downstream market to cover short positions prepare production plans will begin to explain the market is still expected to boost demand, so some of the existing mining companies stay on the sidelines, opponents are still high expectations. At the same time, the existing supply of molybdenum concentrate too much pressure, or even less than some manufacturers stock, so the possibility of a larger market stable, short-term market-based adjustments within a narrow range.
Ferro molybdenum market: the number of end mills approach is still more tender, although the early part of the tender price level molybdenum steel iron products, many businesses below expectations, but the previous round of bidding has raised a common phenomenon. In addition, some hard to find cheap steel supply, trading bargaining controversial, forced to accept high prices. This performance steel mills began to compromise, even behind the price of ferro molybdenum manufacturers Sarkozy's intention to get downstream recognition. Currently ferro molybdenum market remain stable, external prices fall and more moderate growth in domestic demand, making prices continue to push blocked. Difficulty falling raw material procurement costs, and uncertain market outlook, market trends, existing manufacturers operating cautious side, and more to maintain low inventory. Brokers Kuaijinkuaichu operation, high turnover weakness. Merchants offer quite different, there are also significant differences mentality. In the short term, ferro molybdenum market or firm, factory tentative offer, volatility or not.
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