Molybdenum News Center

Molybdenum concentrate market: demand weakened due to lower steel procurement, other buyers will reduce to cover short positions, so the molybdenum and iron products last market to cool slightly, demand for raw materials also will be converted to light. Brokers maintain a wait and see, enthusiasm operation is not high. In addition, the market is easy or hard up the situation, the risk is relatively large cargo hold, high business risk aversion. Although the overall supply and demand is still there, but the existing mining companies operating pressure is not prominent, external offer multi remain strong, no willingness to lower product prices. The actual transaction price is slightly loose, but the amount of low-priced goods to go hard to change, coupled with the current market price at a relatively low level, ups and downs little space, but also increased the miners hold stocks wait and see attitude. In short, the current trading stalemate serious buyer dominant market phenomenon is more obvious. Molybdenum concentrate is expected to short-term market bottom or shock adjustment.

 

Ferro Molybdenum Market: Downstream Steel City market yet signs of improvement, and the off-season stage more steel production industry shrinking, mills around the early part of the current round of bidding absent, resulting in a decline in demand for ferro molybdenum products. In addition, due to growth in steel production and demand growth disproportionately, some of the existing ferro-molybdenum steel products for consumption slowly, slowing the purchase of iron molybdenum frequency. Manufacturers fewer new orders, market pressure increased, some brokers on the market later this month bearish more. However, failed to significantly lower raw material prices, while the external market may still exist after the rapid rebound in late, so many manufacturers maintain iron molybdenum wait and see attitude on the strong side. Recently, the main retail venue, few high turnover occurs. Overall, if the business can still withstand the operating pressure, although lower turnover levels, while the magnitude of price fluctuations is limited.

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