Molybdenum News Center

Molybdenum concentrate market: macro significant positive signal yet released, and the main export market of molybdenum products market is not much improvement. Rest of the impact of external facing summer, but within the industry also inhibited the warm season downstream procurement. Since this month, the domestic market of the product remain quiet molybdenum, molybdenum concentrate in particular raw materials market is still in low volatility situation, market prices continue to rise in the lack of motivation. However, considering the cost of production is difficult to drop, many mining companies are reluctant to lower product pricing. Therefore, the recent sale of partial stiff some manufacturers to maintain normal production, due to financial, inventory and other aspects of pressure has not been highlighted, it continues to maintain the original level of quotations. Strong risk aversion among traders, trading activities suspended, waiting to see who the majority. Difficult to change the existing short-term market interest, participants expressed concern about the market outlook. 

 

Ferromolybdenum market: the lack of substantial demand to support the venue, resulting in iron and molybdenum prices showing a flat to down trend. Although many manufacturers still adhere to the original offer, but the actual transaction price levels have been signs of loosening. In addition, the downstream business inventory consumption slow, rhythmic approach is less than the pre-purchase of Inquiry molybdenum products have also been reduced iron, molybdenum iron products also makes high turnover under pressure. Bulk transaction-based, and the same low level of transactions. Downstream buyers caution, waiting to see the willingness strong side. Dealer orders less than normal, the operation does not have many opportunities to back to back, so keep a wait state. For now, Molybdenum iron market weakness consolidation, although weak downstream demand, but the cost is difficult to drop vendors, trading continued stalemate, before the end or substantially maintain a slight concussion situation. 

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