Molybdenum News Center

Macro Information: Development and Reform Commission on the 3rd consecutive good second half of the show: to enhance regional drive functions; July National Land volume price double down; July HSBC services PMI was 50, the highest in November 2005 to lowest

 

Recently, domestic molybdenum products market continues to remain calm, although the venue price levels decline, but foreign manufacturers offer stability. Molybdenum raw material market steady weakening, has low turnover appear, and more foreign mining companies offer unchanged, wanted stability and strong mentality. However, downstream buyers for high-priced supply limited recognition, procurement prices down more serious, resulting in high turnover of molybdenum concentrate product difficult. Molybdenum steel iron products for tender diminishing other participants to cover short positions are mostly complete, so the current lack of support ferro molybdenum prices, trading volume shrinking dramatically. With the decline in new orders, some larger businesses hold stocks pressure bearish market outlook is expected heavier. Lack of guidance venue price guidelines, many businesses maintain a wait and see, poor operation of confidence. Molybdenum chemicals and products supply and demand is relatively stable, changes in the market around the little market support molybdenum deep processing firm. Is expected this month, molybdenum product market or are easy or hard up momentum, but the adjustment space or limited.

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