Molybdenum News Center

Macro News: July 300 city land transfer halved year on year, housing prices in joint government bailout; price settles down or drop about 1 cent, power generation system of collective opposition; strength of the dollar, the price of gold continued weak order. 

 

External aspects: Steel City discontinued closed because the downstream state has not ended, so that molybdenum product demand remains deserted, many participants are waiting to see from the city, prices weakened support, maintain low volatility. However, because many businesses to market more optimistic after the summer break, so the lower the wishes of low-cost operations, for the external market stability play a positive role. Internally: Molybdenum raw material products market continues to remain weak steady state, although the high offer reduced, and significantly increased resistance to high turnover, but mainstream manufacturers offer not changed much. Molybdenum concentrate, molybdenum, iron and other products offer to stabilize the main. Quotes difficult to have a good performance this month, but the outlook is still giving participants a greater hope that the current Qiuwen strong mentality. In addition, foreign manufacturers offer a large molybdenum iron still above the market level, highlighting the motivation very city. Other molybdenum chemical market shrinking turnover, factory orders fell, prices remain weak stable situation. Expects short-term molybdenum market or stable weak run. 

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