Molybdenum News Center

Molybdenum concentrate market: middle of this month, the downstream products such as ferro molybdenum market no signs of improvement, due to the lack of new orders, production and processing of raw materials manufacturers buying enthusiasm is not high. In addition, the external market also in the low maintenance of stability in the state. Bad news relative proofreading, molybdenum concentrate product market upward underpowered. Month to date, the number of trading molybdenum concentrate shrinking amount of price stability or the state appears. However, miners can still pressure on the stock, lower foreign price adjustment initiative wishes. Brokers continue to stay on the sidelines, the poor part of the mentality and the pressure is too large businesses hold stocks cheap foreign cash. Henan, a merchant, said molybdenum concentrate market in order to fine-tune the main weak, although somewhat lower turnover level, but offer essentially unchanged. Miner to supply the old existing customer oriented, low-cost procurement of raw materials to other businesses still face resistance. Market trend is unknown, the larger the likelihood of participants to continue to wait and see. Molybdenum concentrate is expected to short-term market or remain quiet, modest price volatility. 

 

Ferro Molybdenum Market: The current steel market is facing greater pressure, steel, stainless steel and other products supply and demand contradiction, weak demand for raw materials, iron and molybdenum products such as price formation inhibition. Coupled with the industry off-season continued, power shortage steel market upturn. No significant improvement in fundamentals, molybdenum, iron manufacturers operating difficulty unabated. Quotes stagnant, participants keep watching spot poor circulation. Willing to cover short positions downstream procurement low, resulting in more iron-molybdenum fewer factory orders. Affected business mentality and bargaining power, the venue offers diverse, but the actual transaction price levels are uneven, and the overall number of transactions is not much. During the off-season, molybdenum prices weak consolidation. With the post-peak season demand, increase the probability of the market rebound, businesses and more confident and expectations, so the short-term is still holding stocks to watch. 

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