Molybdenum News Center

Macro Information: directional quasi-two months down the status quo, small micro-enterprise loans easy interest rate unchanged; July national fiscal revenue increased 6.9%, after a few months the central government grew hard; European Central Bank kept its benchmark interest rate unchanged. 

 

Weekly domestic molybdenum market remains calm, the sale of a stalemate situation does not change, the manufacturers sentiment relatively strong. Industry off-season is not over yet, the external market has no positive factors emerge, coupled with mid-mills tender reduce internal molybdenum product market is no supporting factors. While business-to-bullish expectations heavier, continue to support the stability of the market trend. However, due to the existing product price is difficult to get recognition downstream buyers and lack of substantive requirements, making the primary market is relatively quiet. Foreign businesses offer strong molybdenum concentrate price steadily, but hard to find low-cost supply. Inquiry molybdenum and iron factory orders pay less, poor attitude of the participants remained at low levels quoted, but the mainstream price volatility is not. Other molybdenum produced by a single multi-product businesses, no significant changes in final demand. Expects short-term molybdenum products market is still under pressure, or slightly better outlook possible. 

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