Molybdenum News Center

Macro Information: Midwest economic growth during the first half is still faster than the eastern; central bank to reflect directional drop quasi drawbacks, monetary policy, or enter the observation period; repair under the euro zone manufacturing PMI to 51.8 in July, the economic recovery is weak. 

 

Earlier this month, the overall performance of the domestic goods market molybdenum silence, lack of venue favorable factors, while negative factors are increasing, making the market volatility lack of motivation. Just sign bidding round in reducing many downstream buyers to cover short positions is completed. Therefore, substantial demand started to weaken, molybdenum products face greater cash flow fear resistance. However, due to cheap foreign mining companies reluctant sellers, manufacturers inventory pressure, no price adjustment will; molybdenum iron and some manufacturers are still busy pre-orders, but also to the original level of foreign quotations based. Although the venue actual transaction price levels decline, and the few manufacturers offer a little tune, but am generating too obvious impact on the entire market. During the off-season trade, downstream chemical products market orders and equally poor. Continuation of the current market weakness consolidation, product price is difficult to improve. Expects short-term molybdenum market or mainstream maintenance of stability. 

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