Molybdenum News Center

Macro Information: RMB appreciation back track, the exchange rate hit a new high of nearly May; July CPI rose 2.3%; exports in July soared to pull surplus innovative, high growth is expected to continue. 

 

External side, the current western end of the summer market has not yet closed state, resulting in uncomfortable supported molybdenum product prices, product prices remain low, or even slightly lower continuation signs. Steel discontinued from the city, the terminal demand weakened, the United States, Europe and other regions of molybdenum iron product prices fell. Europe more businesses stay on the sidelines and continue to operate the enthusiasm is not high. Late just need still, participants expectations placed on the market outlook, so the market is still improvement possible. Internally, the venue sentiment by doctrinal influence, molybdenum primary product prices generally stable market turnover is not active, so much the actual volume. Although some manufacturers orders less than normal, but the willingness to lower the price lower. More businesses before the end of the market or turn judge, wait until the city increased its psychological. Coupled with cost factors and other aspects of the venue low-cost procurement of raw materials are still difficult. Social inventory pressure, I hold stocks relative risks. Expects short-term molybdenum market or stabilization operation based. 

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